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What is E-commerce?

What is E-commerce? E-commerce (Electronic commerce or EC) is the buying and selling of goods and services or transmitting funds or data over an electronic network, primarily the internet. These business transactions occur either business to business, business to consumer, consumer to consumer, or consumer to business. This thesis is concerned with the impact of electronic commerce on international tax laws, specifically source-based taxation. Before looking specifically at the arguments and propositions to be advanced by the thesis, it is both instructive and necessary, to begin with, a discussion of what is meant by ‘electronic commerce’. Discussions relating to electronic commerce normally begin with a pronouncement that it represents a fundamental and revolutionary development in communications that is likely to dramatically change the way business is conducted. This is usually followed by highly variable, speculative, and often mind-numbing estimates of the expected growth of th

What is anaerobic respiration?

The respiration which occurs in absence of oxygen, is called anaerobic respiration. In anaerobic respiration, respiratory substances being partially oxidized with the help of enzymes, produce different types of organic compounds (ethyl alcohol, lactic acid etc), CO2 and small amount of energy. Only in some microorganisms such as in bacteria, yeast etc. anaerobic respiration occurs.

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