Which is the relationship between the development of trade and the development of technology

As the development of the technology advanced, the development of trade would increase as well.

Technological advancements are made very rapidly nowadays, especially on the development of the usage of digital appliamces. The internet, for example, is offering more and more options and convenience to the users.

For instance, we can now reach an overseas company easily and make trading happen no matter where you are. As an customer, you can shop online, finding an ample variety of goods, ranging from cheap stationaries to luxurious products. The process, from selecting, paying, and delivering, are all digitalized and some steps are even automated, this encouraged online trading ; as an entrepreneur, you can seek for business partners online, judge their brand from the services amd websites, all that requires for a new business opportunities is an email.

We can therefore see the rapid development on technologies helps develop trading as well, tearing down the blockade of distance.

On the other hand, the development of trading can push technological development as well. As trading globalized, the market and the targeted customers are also in a wider range. This has cause very fierce competition, especially between tech-based company, such as mobile phones, computers and softwares. To stand out in the market and be competitive, many companies have been pushing the development of their products and putting a lot of resources inside. This has in turn, boosted the development of technology.

Hope it helps!

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