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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Time was another constraining factor during these earlier days Traveling to the market most probably took a long time, and also spending an entire day in the market. Failing to find a customer willing to exchange what you had for what you wanted was another disadvantage of this trade.
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Trading in the modern day
As technology advances however, trade also continues to evolve. Transport networks is one of the major things that has improved this exchange of goods and services. It is very easy today for a person in Europe to get something in Africa in just 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
Trade perhaps gets the biggest boost from the internet. 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.
the internet has made the world seem smaller to mammy traders. This is because it is now possible to interact with buyers and sellers from all corners of the world without leaving ones location.
This means that a seller in Africa can communicate with a buyer in Asia, negotiate and finally trade with them without having to board a plane. With the internet, it is now very easy to advertise their trade to a larger group of people all over the world.
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. consumers can be assured of better goods and services where there is a healthy competition.
Trading has improved and will continue improving as long as there are advancements in various sectors. This sectors include communications and transport which have the biggest impact on any trade. As these twos sectors advance therefore, selling and buying of goods and services is also expected to get easier and better