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Trade increased due to advancements in technology, which improved transportation and communication, making it easier and faster to exchange goods across long distances. Additionally, the expansion of global markets and the reduction of trade barriers, such as tariffs and quotas, encouraged countries to engage in international trade, fostering economic growth and interdependence.
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How might europeans of that time benefit from increased trade?
the europeans will get alot more things with the increased trade
What are the three reasons given for why trade has increased dramatically?
Trade has increased dramatically due to advancements in technology, which have improved communication and logistics, making it easier to connect markets globally. Additionally, the reduction of trade barriers and tariffs through agreements and globalization has facilitated smoother exchanges between countries. Lastly, the rise of multinational corporations has expanded the scale and scope of trade, as these companies seek to optimize production and reach new markets.
What increased international trade?
RUMBOOO
What is one advantage of free trade?
One advantage of free trade is that it leads to increased production as well as increased efficiency. Another advantage is that free trade allows for economic growth.
3 importance resons why nations trade?
there are 4 powerful economic reasons for countries to trade: - Comparative advantage (Able to produce something more efficiently than other countries) - Economic of scales (lower cost due to specialization and mass production) - International competition => beneficial for the world - Spread of technology Other non economic reasons -Increased consumer choice -Political and social gains due to trade treaties (Peace between countries who trade)
What were two results of the Crusades?
Trade and commerce increased and the feudal system was weakened
Name two reasons Greek city-states were successful?
Trade and War
What are two main reasons for finding another trade route were?
Religious & Economics
What were two indirect result of the Crusades?
Trade and commerce increased and the feudal system was weakened
What are two reasons that trade increased when the Mongols ruled?
Trade increased during Mongol rule due to the establishment of the Pax Mongolica, which created a period of relative peace and stability across vast territories, making travel and commerce safer. Additionally, the Mongols implemented a unified system of governance and communication across their empire, which facilitated the movement of goods, ideas, and people along the Silk Road and other trade routes.
How was a typical merchant's reason for fighting in the Crusades different from the reasons prisoners and serfs participated?
Merchants participated, motivated by the possibilities of increased trade.
What was the effect of the Crusaders?
increased trade between Europe and other parts of the worldEurope releamed ancient knowledge.Venice increased its power. Increased trade between Europe and other parts of the worldEurope relearned ancient knowledge. Venice increased its power. Increased trade between Europe and other parts of the world
How might europeans of that time benefit from increased trade?
the europeans will get alot more things with the increased trade
How might Europeans from that time benefit from increased trade?
the europeans will get alot more things with the increased trade
Systems approach and its relevance relevance?
The relevance of system approach has approached because of two reasons :1. The increased complexity of business and 2. The increased complexity of management.
What were two reasons trade increased after Rome became an empire?
Trade increased after Rome became an empire primarily due to the establishment of a vast network of roads and maritime routes, which facilitated the movement of goods across the empire. Additionally, the use of a standardized currency, the Roman denarius, simplified transactions and promoted economic stability, encouraging merchants to engage in long-distance trade. These factors combined created a thriving economy and interconnected various regions within the empire.
How did economic goals for countries change as nationalist sentiments grew?
Competition for land, trade, and industry increased
