Question

What changes do you see in today’s trade ? how is it different from the trade of earlier times? Explain with an example.

Answer 1

Explanation:

How has trade affected world history?

Trade has changed the world economy

The integration of national economies into a global economic system has been one of the most important developments of the last century. This process of integration, often called Globalization, has materialized in a remarkable growth in trade between Trade is important because all countries have limited resources to respond to their people's needs. So countries trade with one another to complete each other's needs. It became more important to the world today because the needs have since not just evolved, but also increased.

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Answer 2

Answer:

Trade has changed the world economy

Trade has changed the world economyThe integration of national economies into a global economic system has been one of the most important developments of the last century. This process of integration, often called Globalization, has materialized in a remarkable growth in trade between countries.

Explanation:

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