The act of buying and selling of goods and services among humans is called trading. This is an act that has been there over prehistoric times and with the evolution of human communication
How was trading done in the earlier days?
Distance and location limited trade much in the earlier days. People movements were greatly restricted and thus they could not travel far to do their barter trade.
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Another disadvantage of trading at this time is the constraint of time during this trading process. Due to the traveling involved, people used to waste a lot of time traveling to the meeting location and also spend the whole day at the market. 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
As technology advances however, trade also continues to evolve. This exchange of goods and services has been ,made especially easier due to transport networks. 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. To get maximum profits today, every business practically relief s on the internet. In a digital world , everyone involved in buying and selling of goods and services is advised to keep in touch with the internet.
For the traders, the internet has made the world smaller in literal terms. It is now possible to communicate worth buyers and sellers from all parts of the world without leaving ones location.
A buyer in Asia for example can find a seller and Africa, negotiate and close a deal without having to leave their location. The internet has also made it very easy to advertise ones business to a larger group of people worldwide.
There is a lot of competition in the market place as the internet opens these business to the world. 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. These sectors that have the biggest impact on trade include transport and communications. As these twos sectors advance therefore, selling and buying of goods and services is also expected to get easier and better