0
What else can I help you with?
What is right of deposit?
its where merchants are allowed to deposit their goods for export so it is basically a storage center for merchants until they send their goods off to sea
Why did coins make trading simpler and easier?
Coins made trading simpler and easier by providing a standardized medium of exchange, eliminating the need for bartering goods and services directly. This standardization allowed for easier valuation of items and streamlined transactions, as people could easily determine the worth of goods in terms of coins. Additionally, coins facilitated trade over longer distances, as they were portable and durable, enabling merchants to conduct business without the logistical challenges of carrying bulky or perishable items.
Why did in the American colonies began smuggling goods why?
Navigation Act allowed merchants to choose the buyer.
Did most merchants traveled the entire distance of the silk road carrying their goods?
No, most merchants did not travel the entire distance of the Silk Road. Instead, goods were typically passed along a series of intermediaries, with each merchant transporting them over a segment of the route. This system allowed for the efficient exchange of goods, as merchants specialized in their local areas and traded with others at various points along the road. As a result, the Silk Road facilitated a vast network of trade without requiring individual merchants to traverse the entire route.
What did the people in ancient India use to buy stuff?
In ancient India, people primarily used coins as a medium of exchange for buying goods. The earliest coins, known as "punch-marked coins," were made of silver and featured various symbols. Besides coins, barter was also common, where goods and services were directly exchanged without the use of money. Trade routes facilitated commerce, and merchants played a vital role in the economy.
Local merchants held what against imported goods?
Merchants held tariffs on imported goods.
What did the local merchants do against imported goods?
The local merchants held a BOYCOTT against imported goods.
Merchants sold their goods at the town?
Merchants certainly did sell their goods at the town market. This was because this was where everyone came to buy and sell goods.
What did merchants do?
They traded goods.
How did merchants make money during the industrialization period?
Merchants made money by selling goods or trading goods.
What did local merchants hold against import ed goods?
Local merchants would boycott imported goods.
Chinese merchants traded luxury goods for?
Luxury good were traded by Chinese merchants for Spices, Teas, and Porcelain goods.
