The conduct of industry, trade and commerce using the computer networks is defined as e-business.
E-Business is a more elaborate term and comprises various business transaction and functions conducted electronically, including the more popular gamut of transactions called 'e-commerce'.
E-Commerce covers a firm's interactions with its customers ans suppliers over the internet.
E-Business includes not only e-commerce, but also other electronically conducted business functions such as production, inventory managemant, product development, accounting and fianance human resources management.