In the past, trade was the main medium connecting countries. Now and earlier business is different from the following points of view-

(i) Earlier traders were paid the value of goods in the form of gold and silver, now they are paid by imports or exports.

(ii) Earlier the size or area of business was limited, now it has expanded widely.

(iii) Earlier only essential commodities were imported and exported. But now its form has changed and there is diversity in the items to be imported and exported.