Inknown

Trade, also called goods exchange economy, is the transfer the ownership of goods from one person or entity to another by getting something in exchange from the buyer. Trade is sometimes loosely called commerce or financial transaction or barter. A network that allows trade is called a market. The original form of trade was barter, the direct exchange of goods and services. Later one side of the barter were the metals, precious metals , bill, paper money.

culture is defined as the shared patterns of behaviors and interactions, cognitive constructs, and affective understanding that are learned through a process of socialization. These shared patterns identify the members of a culture group while also distinguishing those of another group.

Development is the wholistic well being of an individual both physiologically and economically . Amartya Sen, argues that economic development entails a set of linked freedoms: political freedoms and transparency in relations between people; freedom of opportunity, including freedom to access credit; and economic protection from abject poverty, including through income supplements and unemployment relief. The absence of any of these constitutes an unfreedom. A state of poverty will generally be characterised by interlocking unfreedoms, including a de facto lack of political rights and choice, vulnerability to coercive relations, and exclusion from economic choices and protections. From this, Sen concludes that real development cannot be reduced to simply increasing basic incomes, nor to rising average per capita incomes. Rather, it requires a nested package of overlapping mechanisms that progressively enable the exercise of a growing range of freedoms which allow the meeting of basic needs and the exercise of innate abilities and self-determination.

Trade Culture and development

Trade can be a key factor in economic development. The prudent use of trade can boost a country's development and create absolute gains for the trading...