Answer:
Difference
• In traditional markets, the shop owners are actually no more than gate keepers though they get to keep profit involved in transactions. On the other hand, there is virtually no owner to be seen by customers in modern trade such as multi-brand stores in big malls and electronic stores.
• When the entire market is in front of a customer in the shape of a 2X2” mobile screen, it makes all the difference between the way people bought in traditional markets and the way they do today in the modern world.
• Modern trade can be conducted at any time anywhere in the world even when the consumer is flying over skies or inside a moving train. On the other hand, traditional trade requires the presence of the customer in the shop and the display of all items on sale.
• Self service is the main feature of buying in modern trade while, in traditional trade, the onus of display and selling was on salesman and shopkeeper.
Similarities
In both ancient and modern times, trade was conducted because no country could produce everything it required. Hence, countries imported needed items from abroad and exported surplus products from its own territory. 2. In both ancient and modern times, most trade was carried out through the sea route.