Changes in the Trading Industry

Trading is seen as the buying of goods and services among humans. This is an act that has been there over prehistoric times and with the evolution of human communication

Trading in the earlier days.

In the earlier days trading was limited due to location and distance. 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. 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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Trading in the modern day

Trading has however evolved over time and especially with the advancement on technology. This exchange of goods and services has been ,made especially easier due to transport networks. It is possible to deliver a parcel or goods to a person in Europe from Africa in a matter of days for example.

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.

Impacts of the internet on trading

Trade perhaps gets the biggest boost from the internet. Practically every business today relies on the internet to help it gets its maximum 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.

One of the major contributions of the internet to traders is that the world has become smaller literally. 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.

As the internet opens up t the businesses to the world competition also increases. This improves the level of trade as each business tried to outdo the other to get more costumers. consumers can be assured of better goods and services where there is a healthy competition.

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. 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.

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