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What Are the Changes in the Trading Industry? The act of buying and selling of goods and services among humans is called trading. This is something that has been there over a long period of time even at the evolution of human communication. Trading 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. Traveling to the market most probably took a long time, and also spending an entire day in 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 With the advancements in technology, trade has continued to evolve. This exchange of goods and services has been ,made especially easier due to transport networks. It is very easy today for a person in Europe to get something in Africa in just a matter of days Transport means like trains, planes etc. have made it possible to deliver quick services to people miles away. Impacts of the internet on trading the internet perhaps happens to be the biggest boost for trade. Practically every business today relies on the internet to help it gets its maximum profits. It is paramount for anyone involved in trading 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. A buyer in Asia for example can find a seller and Africa, negotiate and close a deal without having to leave their location. It is easy now to use the internet to advertise ones business to a large group of people worldwide using the internet. As the internet opens up t the businesses to the world competition also increases. 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. Advancements in various sectors will also ensure that trading continues improving all over the world. These sectors that have the biggest impact on trade include transport and communications. We can therefore conclude that buying and selling of goods and services is expected to get better and easier as these two major sectors advance.