Question

what is the importance of trade ?​

Answer 1

Explanation:

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• Trade being the main theme of this Rencontre, I thought it of some interest to give some reflections on the theme from a general view-point, notably on the role of trade in connection with the diffusion of civilization and on trade as a factor in the economy of ancient Mesopotamia, in short trade as a cultural and an economic factor, and a possible connection between these two.

• The reflections are mainly based on my own observations and my own, I hope, logical reasoning, the theoretical literature being left out of consideration.

• I had not been able to gain access to the papers of the seminar held in Santa Fé in 1973, published under the title Ancient Civilization and Trade in 1975, before the Rencontre.

• Having taken cognizance of this book, it can be stated that the approach to the problems is different from that in this paper; the studies, analysing the trade itself, mainly in prehistoric and protohistoric times, have a clear theoretical character, whereas this paper only regards the two above-mentioned aspects in historical times, starting from some conspicuous facts and questions arising from them.

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Answer 2

Answer:

Trade increases competition and lowers world prices, which provides benefits to consumers by raising the purchasing power of their own income, and leads a rise in consumer surplus. Trade also breaks down domestic monopolies, which face competition from more efficient foreign firms.