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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.
How did the African merchants contribute to the Atlantic slave trade?
African merchants played a crucial role in the Atlantic slave trade by facilitating the capture and sale of enslaved individuals. They often engaged in complex networks of trade, exchanging enslaved people for European goods such as textiles, firearms, and alcohol. By cooperating with European traders, African merchants helped to sustain the demand for enslaved labor in the Americas, significantly impacting both local economies and the broader transatlantic trade system. Their involvement highlights the intricate dynamics of power and commerce that characterized the slave trade.
Who is a person that buys and sells?
A person who buys and sells is often referred to as a trader or a merchant. Traders engage in the exchange of goods, services, or financial assets, aiming to profit from market fluctuations. Merchants typically operate in retail or wholesale environments, handling physical products, while traders might operate in financial markets dealing with stocks, currencies, or commodities. Both play essential roles in the economy by facilitating commerce and investment.
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 century portuguese merchants and traders first reached china?
Portuguese merchants and traders first reached China in the 16th century. Their arrival marked the beginning of significant trade relations between Portugal and China, particularly with the establishment of Macau as a trading post in 1557. This period facilitated cultural and economic exchanges between the two regions.
Who probably benefited the most from the system of numeric symbols?
merchants and traders
What do you call a person that calls a trade?
No that's not the answer
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.
