Electronic business (e-business) is the conduct of commercial transactions with the help of telecommunications. Among the benefits of e-business are a global marketplace; the ability to be open 24 hours per day, 365 days a year; and the consumer’s capacity to become a seller. Some of the drawbacks to e-business are security, privacy, and return on investment. Name other advantages and drawbacks.

E-business, e-commerce, and the Internet have grown exponentially over the last 10 years. According to a study, the Internet has created over 1.2 million jobs. This has had a significant impact to the global economy. Has all internet impact to the global economy been positive?