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A mutually recognized medium of exchange makes trade easier.
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∙ 9y ago
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Why was mercantilism important?
Mercantilism is important to the growth of the economy. It helps to trade and supply goods and makes services easier. Mercantilism became dominant in Europe in the year 16th to 18th century.
How does mass production affect trade?
Industrialization and production makes products more refined and hence increases their costs. Finding markets for manufactured products is much easier since the products are more appealing to consumers.
What are current economic trends and their economic effects?
Improved communication: Makes it easier for International businesses to operate efficiently;Trade liberalization: Provides an incentive for countries to export more goods;Infrastructure development: Facilitates less expensive international trade;Industrialization: Increases productivity and lowers prices.
How can access to waterways increase trade between countries?
the water helps send goods and other belongings to another country to trade,thereby making it easier to trade.
Coins were easier to trade than goods because?
all answers are correct
What impact does the euro have on trade in Germany?
it actually makes it easier to trade.
What feature makes trade and travel easier?
Rivers an Seas
How does panama canal affect the economy of the world?
it makes the trade routes easier to transport goods. it also lowers the budget by having a shortcut
How does the Panama Canal affect the economy of the world?
it makes the trade routes easier to transport goods. it also lowers the budget by having a shortcut
How did trade with other Mediterranean peoples help early Romans?
Well other Medditeranean people and Rome was easy to trade because they were all probably on the coast and are all very close to each other tis makes it easier to trade.
How did trade with other mediterranean people help the early Romans?
Well other Medditeranean people and Rome was easy to trade because they were all probably on the coast and are all very close to each other tis makes it easier to trade.
Which organization was created to make trade between its members easier?
The European union was created to make trade between its members easier.
Why have maps become popular?
makes stalking easier and makes travelling in foreign places easier?
How can compass makes life easier?
it makes life easier because it can show you the direction you are going in.
How did new technology help East Africa trade?
They made it easier to go up and down the nile river so it was easier to transport to places, therefore easier to trade things. Your welcome.
How does a motorcycle make life easier?
It makes transportation easier
How does a ramp make work easier?
it makes our work easier
