Trade
Trade industry means an industry involving physical labor and characterized by mechanical skill and training such as render a period of instruction reasonably necessary.
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History & Future
Future
1. Hyper personalization · 2. New cargo technologies · 3. Increased automation · 4. Efficient marketplaces · 5. Logistics gets a digital makeover. Simply put, technology has the power to make cross-border trade more efficient, inclusive and equitable for SMBs worldwide. Small companies have increasingly started adopting artificial intelligence (AI) based solutions, taking supply chain management to the next level.
Read MoreHistory
An early form of trade, barter, saw the direct exchange of goods and services for other goods and services, i.e., trading things without using money. Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (letters of credit, paper, and non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade involving more than two traders is called multilateral trade. In one modern view, trade exists due to specialization and the division of labor, a predominant form of economic activity in which individuals and groups concentrate on a small aspect of production but use their output in trades for other products and needs.
