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Factors that facilitated development of local trade.
a) Availability of capital for investments in trade
b) Specialization and improved technology, e.g. specialization in production, in technology and in marketing.
c) Demand and supply; the growing demand for goods and services was met by increase in supply.
d) Enterprise; many people began to take greater risk and invested more in trade.
e) Peace and stability. This enabled people to interact more.