Complexity of trading modern trade vs ancient trade

In a world where the law of exchange is an existential thing,trading is the break down act that represents the word exchange,trading is the means to possess our needs and wants through what we have to offer.
The word trade is the coming together of a first and second party into an agreeable dialogue that will benefit both sides.
Let have a quick check on the economic or societal financial structure,it all basic on law of exchange,sacrificing what you have to acquire what you need.

ELEMENTS OF ECONOMIC THAT FACILITATES TRADING

1.scale of preference
2.scarcity
3.wants
4.choice
5.opportunity cost

SCALE OF PREFERENCE

These is the act of prioritizing unsatisfied wants by arrangement basic on the importance of each commodity.
The scale of preference helps to identify the wants that are most paramount to the purchaser.

SCARCITY

This refers to the lack of resources to satisfy all the ever wishing want of the purchaser at a given time,this could force the purchaser to settle for the pressing wants which is available.

WANTS

this is unchanging wish or desire to acquire certain goods or services that brings satisfaction.
Want is an individual guided interest that helps quench lingering desires.

CHOICE

This is the ability to select amidst numerous options or alternatives,the wants which are more pressing will be the one's to be choosing due to the application of scale of preference.

OPPORTUNITY COST

This is the Willingness to sacrifice a particular wants in other to satisfy the wants that are primarily sectioned.
All these elements of economic trace back to the law of exchange which is cut in the act as trading.

MODERN TRADING

Modern trading is a lot more easier and transparent prior to the lay down system of a commodity called money.
Money is a valued commodity which is generally accepted by the public to use for transaction of business and a reward system for every transaction made.
With the advancement of technology the system of trading has taking a new trend the introduction of money made trading more even

Digitalize system of trading is a fast and easier way to earn a living e.g cryptocurrency,e-trading and other online businesses.

ANCIENT TRADING

The method of trading that is mostly used by people is trade by barter,it is a form of trading that is done physically between two or more parties with the sole aim of satisfying their desires.
The sacrifice of one commodity at the expense of another is what this method is all about.
This method appears slow but a little bit advantageous in the sense that quantity of wants will not be determined by money at hand for each parties to get what they want,it a done deal with no losing ends for both sides.
The two types of trade has their own advantages and disadvantages but at least modern way of trading is stress free and safer.

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