What is the relationship between the development of trade and the development of technology? A. The developments of trade and technology are not related. B. A region can only trade if it has modern transportation technology. C. Regions that want to develop trade avoid the development of technology. D. The development of technology can encourage the adv

D. The development of technology can encourage the advancement of trade.

Explanation:

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

Technology can be defined as a branch of knowledge which typically involves the process of applying, creating and managing practical or scientific knowledge to solve problems and improve human life. Technologies are applied to many fields in the world such as medicine, information technology, cybersecurity, engineering, environmental etc.

Generally, technology has impacted the world significantly and positively as it has helped to automate processes, increased efficiency and level of output with little or no human effort and facilitate the buying and selling of goods and services.

Hence, the relationship between the development of trade and the development of technology is that the development of technology can encourage the advancement of trade.

For example, technology is used in e-commerce, which is a short for electronic commerce and can be defined as a marketing strategy that essentially deals with meeting the needs of consumers, by selling products or services to the consumers over the internet.

This ultimately implies that, e-commerce is strictly based on the buying and selling of goods or services electronically, over the internet or through a digital platform. Also, the payment for such goods or services are typically done over the internet such as online payment services.

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