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The Future of Electonic Commerce over the Internet and Its Effect on Market Efficiency

• Tags:
• commerce,
• marketplace,
• economic,
• electronic commerce

Overview This paper provides an understanding of the impact that electronic commerce over the Internet will have on market efficiency, socio-economic policy, risk, control, and audit theory. Electronic commerce over the Internet is exploding into the marketplace and in the very near future could change forever the appearance of traditional commerce. This new marketplace will offer numerous opportunities for economic gain as well providing an entirely new platform for fraud. This is why commercial and government organizations, as well as individual consumers, must prepare for, and learn how to, effectively deal with this new way of conducting commerce.

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