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How Trading Changed With Time.

Trading can be defined as the act whereby people buy and sell goods and services. This is an act that has been there over prehistoric times and with the evolution of human communication

How was trading in the earlier days?

Due to some factors like location and distance, trade was greatly limited in the earlier days. Barter trade was greatly restricted by the fact that people could not travel very far to exchange their goods.
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Time was another constraining factor during these earlier days One had to probably spend a lot of time traveling to the market and most likely spend the whole day there. Another disadvantage of this trade was failure to find the person wiling to exchange what you had for what he had.
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Todays modern day trading

With the advancements in technology, trade has continued to evolve. Transport networks is one of the major things that has improved this exchange of goods and services. A person in Europe for instance can get a good delivered to them from Africa in a matter of days.

In transport as well, it is possible to deliver a service to someone miles away in a matter of hours as there are planes, trains etc.

Impact of internet and trading

the internet perhaps happens to be the biggest boost for trade. Today, practically every business relies on the internet to help it maximize its profits. Since the world has become very digital, everyone doing any buying and selling of goods and services needs to keep in touch with the internet.

the internet has made the world seem smaller to mammy traders. It is now possible to communicate worth buyers and sellers from all parts of the world without leaving ones location.

It is possible for a buyer in Africa for instance to find a buyer in Asia and do business with them without traveling anywhere. It is easy now to use the internet to advertise ones business to a large group of people worldwide using the internet.

The internet has opened the market to the whole world which opens up competition. As each company tries to outshine the other for more customers; the level of trade is improved. The level of trade is improved as each company tries to outdo each other for more customers. Where there is a healthy competition, there is better goods and services for the consumers.

As long as there are advancements in various sectors, trading will continue improving. the biggest impact on trade come from the communications and transport sector which keep on advancing. We can therefore expect the selling and buying of goods and services to get better with the advancements in these two sectors.

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