To start this topic about trade, I thought it was helpful to give a further explanation to the word “trade”. I’d like to give an answer to the question : what do we know about trade ? Many people know the word but on the other hand, can these people explain the word ? A small introduction.
We have been hearing this word for the first time since we started to understand the world. But what exactly is trade ? Trade is a simple activity between two parties or several parties that involves exchange of goods and services. Always remember that trade takes place between two or several parties in the transaction.
How do we trade ? In our modern world we use money as medium to exchange goods and services. A reason why trade has become a very important term in our common world. To understand the importance of trade we have to know that trading is in existence since humanity was born. One thing is sure, trade is going to be in existence as long as people walk on this planet.
The invention of money has played an important role in simplifying and promoting the development of trade. Modern traders generally use money as medium of exchange. Trade benefits also both parties involved in the transaction.
To my opinion the world wouldn’t exist if people weren’t trading among each other. Can you imagine a life without trade ? Trade has become an indispensable part in our life, that’s for sure ! Of course there are many different ways of trading. In our topic we discuss the concept of trade in an economic view. But as you know trading is not always a positive thing, think of all the illegal practices among trading. Such as trading humans, drugs, weapons,… If we look to trade that way, the discussion is far from over ! The world still needs to develop more than we can imagine.
We have been hearing this word for the first time since we started to understand the world. But what exactly is trade ? Trade is a simple activity between two parties or several parties that involves exchange of goods and services. Always remember that trade takes place between two or several parties in the transaction.
How do we trade ? In our modern world we use money as medium to exchange goods and services. A reason why trade has become a very important term in our common world. To understand the importance of trade we have to know that trading is in existence since humanity was born. One thing is sure, trade is going to be in existence as long as people walk on this planet.
The invention of money has played an important role in simplifying and promoting the development of trade. Modern traders generally use money as medium of exchange. Trade benefits also both parties involved in the transaction.
To my opinion the world wouldn’t exist if people weren’t trading among each other. Can you imagine a life without trade ? Trade has become an indispensable part in our life, that’s for sure ! Of course there are many different ways of trading. In our topic we discuss the concept of trade in an economic view. But as you know trading is not always a positive thing, think of all the illegal practices among trading. Such as trading humans, drugs, weapons,… If we look to trade that way, the discussion is far from over ! The world still needs to develop more than we can imagine.
Jeffrey Bogaert
Jeffrey,
ReplyDeleteI think you chose a good subject to start off our blog with. Trade indeed won’t ever disappear! We even traded when we we’re children without knowing anything about the concept ‘trade’. For example: we traded ‘Flippos’ or other toys with friends, we asked our parents to buy something from our store when we we’re playing storekeeper, …
You‘re right about: “the world wouldn’t exist if people weren’t trading amongst each other”. If we weren’t able to trade, we wouldn’t import and export so many products all around the world. We would only survive on cows and potatoes and other Belgian agricultural products - or maybe we would be fighting for every basic product.
Julie Deaulmerie