Matt Schulman CFM | Importance of trading, and how does it work effectively
What is the importance of trading, and how does it work effectively? What is trade? A trade happens when two people buy or sell products or services. A market is a system that enables commerce to take place. According to Matt Schulman , Trade happens when one country takes use of its abundant resources by exchanging them for a resource that another country can give. Trade dates back over 9000 years. When Egyptian immigrants arrived in Egypt, they rapidly realized they didn't have to be completely self-sufficient to live and survive, says'' Matt Schulman CFM . An Egyptian farmer raising cows might exchange his meat for grain supplied by another farmer. This concept has spread beyond local marketplaces, and international commerce between countries is now critical to the global economy and the epicenter of economic growth and development. What is the importance of trade? Trade is vital for maintaining a competitive global economy because it fosters innovation and pushes mar