Electronic Commerce already constitutes a formidable segment of the global economy. As more consumers use the Internet and smart phones to purchase goods electronically, e-commerce and m-commerce will assume an even greater position economically and socially. Electronic commerce has revolutionized the way Canadians shop and the way in which businesses interact. Canadian businesses have embraced the implementation of electronic and mobile store fronts.
A wide spectrum of organizations are conducting business on-line. Smaller businesses are realizing that it does not take large amounts of money to produce a first-rate website. According to an Industry Canada newsletter entitled ‘Electronic Commerce’, the only limits regarding the kinds of business that can be conducted on-line are “your imagination and your willingness to work hard…” (‘Electronic Commerce’, Vol.1, No.1). The global economy will be further influenced and spurred by e- commerce as more businesses and consumers realize the speed, convenience and choice that this method of transacting allows.
Consumer protection laws, marketing laws, competition laws, intellectual property laws, privacy requirements and in some jurisdictions—language laws are important issues to consider when establishing online commerce sites.