Electronic Commerce: The Emerging Technology for Tomorrow's Businesses‪.‬

ABSTRACT With the emergence of electronic commerce (e-commerce) in the past few years, business as we know it has currently been under major reconstruction. From the creation of new businesses that are a result of being online, to the convenience of doing business on the Internet, e-commerce is growing at such an alarming rate that even analysts have trouble explaining just how this new way of doing business could continue this explosive growth rate. This paper gives an overview of e-commerce: its history; its present role in the economy; and its expected role in the future. By analyzing the literature and what other researchers have to say, the purpose of the research is to determine e-commerce's true impact on the U.S. economy. Considering that e-commerce is currently in a state of drastic transformation, it is important to stay abreast of its status in order to keep from being left behind in this economic revolution. The conclusions show that e-commerce's impact on the U.S. economy can be directly linked to businesses changing with the new economy.