of E-commerce are necessary. In 1965, the co-founder of Intel Corporation, projected that the number of components on the computer chip would double every 18 months (Rheingold, 1994). Four critical factors are developing as issues for consideration:
a) The exponential increase in computer power
b) Rapidly increasing data communication capacities
c) Exponential increase in both the number of people
d) Worldwide growth of customers who are using the World Wide Web, and, the number of people buying products from the increasing numbers of businesses that are "going online."
Electronic commerce will exceed $1.2 trillion by 2002. Data collected in ActivMedia's annual Web study. Here are the projections in billions:
Figure 1: Internet E-Commerce Growth
It is apparent that E-Commerce is definitely an idea whose time has come. This paper will trace this phenomenon in these sections.
Section 3: Key Components that Make Up E Commerce
Section 4: How People Use E-Commerce
Section 5: Different Kinds of E-Commerce
In 1821, Charles Babbage, a British mathematician and theorist, developed the theory that since all math is mechanical and logical, and since all physics is basically mechanical, why not create a machine that would perform calculations? He found government funding to build a "Difference Machine" and devoted the next 20 years of his life constructing different models of his cogwheel machine, none of which worked.
Babbage went into retirement, and was almost forgotten as the inventor of the computer until Doron Swade, a museum curator, found Babbage's original schematics and constructed the computer, using the inventor's original plans. When he finished -- and it worked -- he had a thorough knowledge of the problems Babbage encountered. After all, anything that is 11 feet long, 7 feet high, has 7,000 cogwheels and gears and is run by a steam engine is a massive project.
Of course, w...