consumers having wider choice of goods and services, companies have wider choice of raw materials which grows the rate of industrialisation, encourages competition cq efficient production cq efficient use of resources, comparative advantage = specialised production, economies of scale due to comparative advantage, increase of living standards.
All of the above
As nationalist sentiments grew, countries increasingly prioritized economic self-sufficiency and protectionism over international trade. Nations sought to bolster their domestic industries, reduce dependence on foreign imports, and promote national products to foster economic independence. This shift often led to the implementation of tariffs and trade barriers, reflecting a focus on national interests and identity rather than global cooperation. Consequently, economic policies became closely intertwined with national pride and identity, reshaping international economic relations.
trade
They grew rich trading Tea and spices.
slavery
All of the above
All of the above
Competition for land, trade, and industry increased
All of the above.
Competition for land, trade, and industry increased
New Colonies
Competition for land, trade, and industry increased
One point of view:As trade grew medieval cities became overcrowded and unsanitary.Another point of view:As trade grew, medieval cities became more important, more prosperous, and bigger.
Ghana Mali and Songhai grew rich through trade.
Slave trade grew due to the increasing demand for cheap labor in colonies and plantations in the Americas. European powers engaged in the exploitation of African individuals as part of their imperialistic expansion and economic interests. The profitability of the transatlantic slave trade also fueled its expansion.
A strong international trading city.
phoenicia grew wealthy because of its trade