Monday 1 August 2016

To increase individual trade we need tools to filter information

Trade happens when there exists double coincidence of wants and when more parties get involved trade becomes more likely to happen as the possibility of existence of double coincidence of wants increases. Therefore, the most direct way to increase trade is to increase the existence of double coincidence of wants. We can get more people involved in trade, or make information more available to more people. Trade is mutually beneficial and it is fair to say that all countries have involved in the global trade network. However, information is imperfect and especially imperfect to individuals. Nowadays we can probably receive almost all information we need; however, we lack the tool to filter the information and get the information we actually need.

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