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Traders typically engage in the buying and selling of goods or financial instruments, often focusing on short-term market movements and profits. They may operate in various markets, including stock exchanges or commodities, and often do not hold inventory. Merchants, on the other hand, are involved in the wholesale or retail sale of goods, usually maintaining inventory and building long-term relationships with suppliers and customers. While traders prioritize quick transactions, merchants tend to focus on the overall business of selling products.
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Whats was monopoly on trade between the eastern Mediterranean and Europe was held by the merchants of?
A monopoly on trade between the eastern Mediterranean and Europe was held by the merchants of: {| |- | Portugal Genoa and Venice Spain France |}
What were the roles in the fur trade?
In the fur trade, various roles were essential for its operation. Indigenous peoples often acted as trappers and traders, using their knowledge of the land and animal behavior to gather furs. European settlers and traders typically took on roles such as merchants and transporters, facilitating the exchange of goods and furs. Additionally, explorers and guides played a crucial role in mapping routes and connecting different trading networks.
Why did east Africa traders had to pay taxes for the right to bring goods into Kilwa?
East African traders had to pay taxes to bring goods into Kilwa because it was a significant trading hub along the Indian Ocean. The local rulers implemented these taxes to generate revenue for their kingdoms and to regulate trade, ensuring that they maintained control over the lucrative commerce in spices, gold, and other goods. Additionally, taxing traders helped to establish Kilwa's status as a prominent port city in the region, attracting more merchants and fostering economic growth.
Differences between Primary and selective Demand?
different from channel
What are differences between public enterprise and private enterprise?
check your answer
What were specialized workers?
It was traders, merchants and farmers.
What are viking merchants also called?
Norse traders.
What specialized workers were in Assyria?
There were artisans, merchants, and traders
How did Islam come to Burma?
Through merchants and traders from Arabia.
What do you call a person that calls a trade?
No that's not the answer
Who probably benefited the most from the system of numeric symbols?
merchants and traders
Which part of the population makes up the vaisyas?
The farmers, merchants, and traders
What did the merchants and traders claim against parliament?
history study guide to huh
What were the british traders called?
The British traders were commonly referred to as "merchants" or "traders." During the colonial period, those involved in the trade of goods, particularly in the East India Company, were often called "East India merchants." Additionally, "British East India Company" traders played a significant role in trade with India and other parts of Asia.
What has the author A V written?
A. V. has written: 'The necessity and expediency of an association of merchants and traders'
what is tribes?
dikus were the outsiders for the tribes considered the British,zamindars,traders and merchants as dikus.
In the early republic of this country the common people including farmers artisians small merchants and traders were called plebeians?
In early republic of Rome, common people including farmers, artisans, small merchants, and traders were called plebeians.
