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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 ...
Carrying out trade at an international level is a complex process when compared to domestic trade. When trade takes place between two or more states, factors like currency, government policies, economy, judicial system, laws, and markets influence trade.
This is a timeline of the history of international trade which chronicles notable events that have affected the trade between various countries.. In the era before the rise of the nation state, the term 'international' trade cannot be literally applied, but simply means trade over long distances; the sort of movement in goods which would represent international trade in the modern world.
Trade along the Swahili coast dates back to the 1st century C.E. and up to the 19th century C.E. Though there are not many reliable written records of trade along the East African coast between the 1st and 11th centuries, trade still occurred between the Indian Ocean coast and the rest of the world (India, China and Arabian countries
The term Native American Trade in this context describes the people involved in the trade. The products involved varied by region and era. In most of Canada, the term is synonymous with the fur trade , since fur for making beaver hats was by far the most valuable product of the trade, from the European point of view.
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