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Why did the European merchants generally trade gold and silver for Chinese goods in ming china rather than trade manufactured goods of their own?
European merchants primarily traded gold and silver for Chinese goods during the Ming Dynasty because China had a highly developed economy with a strong demand for precious metals, which were not readily available in Europe. Additionally, Chinese goods, such as silk, tea, and porcelain, were highly sought after in Europe and often surpassed European manufactured goods in quality and desirability. The rigid trade restrictions imposed by the Chinese government also limited the types of goods that could be traded, further encouraging the exchange of bullion for Chinese commodities.
What was lenins effect on consumer goods?
Lenin's policies, particularly during the early years of Soviet rule, significantly impacted consumer goods by prioritizing industrial production over consumer needs. The shift towards a command economy led to shortages of basic goods, as resources were redirected to heavy industry and military needs. The New Economic Policy (NEP) introduced in 1921 sought to revive the economy by allowing some degree of private enterprise, which temporarily improved the availability of consumer goods. However, the overall focus on collectivization and industrialization continued to limit consumer goods in the Soviet Union throughout Lenin's leadership.
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What are produce goods andconsumrr goods?
Consumer goods are market ready goods, producer goods are the input materials needed to manufacture consumer goods.
Process of price determination?
Price is determined at the point of equilibrium. Equilibrium is a point of balance. In other words, equilibrium is the point at which quantity demanded and quantity supplied is equal. That is, market equilibrium refers to a condition where a market price is established through competition such that the amount of goods or services sought by buyers is equal to the amount of goods or services produced by sellers. This price is called equilibrium price.
Who sought to regain their market for manufacturers in America by reducing the cost of their goods?
The British
What Chinese goods were sought by European traders?
In earlier times, the biggest Chinese export was silk.
Which of these was a key motivation behind European imperialism in the 18th and 19th centuries?
Answer this question… Europeans sought new markets for their surplus goods.
What goods were European explorers interested in finding or obtaining?
European explorers were interested in finding valuable goods such as spices, gold, silver, silk, and other luxury items. They sought to establish trade routes to obtain these goods, which would bring wealth and power to their home countries.
What were some of the most sought-after Indian Ocean trade goods during the ancient maritime trading routes?
Some of the most sought-after Indian Ocean trade goods during ancient maritime trading routes included spices like pepper, cinnamon, and cloves, as well as precious stones like pearls and diamonds, and luxury items such as silk and porcelain.
What are Italy's manufactured goods?
Italy's manufactured goods include machinery, automobiles, fashion and luxury goods, pharmaceuticals, and food products. Italy is known for its high-quality production in sectors such as fashion, design, and food, which are sought after worldwide.
Why did Americans sought to obtain control of New Orleans in 1803?
I think it has something to do with the access to a port that allowed goods to be shipped to places east of the Appalachian Mountains.
What items did china want from the European world?
Silk and porcelain were very sought-after goods.
In the Age of Discovery what did Asia have that Europe wanted to buy?
During the Age of Discovery, Asia had highly sought-after goods such as spices, silk, tea, and porcelain that Europe wanted to buy. These goods were highly valued for their quality and were seen as symbols of wealth and status in Europe. This demand for Asian goods played a significant role in driving exploration and trade routes to the East.
What is the past tense of sought?
Sought is the past tense form of the verb "to seek".
How did the Industrial Revolution lead to imperialism?
The Industrial Revolution lead to Imperialism by Countries associated with the Industrial revolution started to produce goods that were cheaper and people had better quality homes.
What is Remedy sought?
remedy sought
