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Why would the price of goods increase each time it exchanged hands from Asia to the Middle East to Europe?
Wiki User
∙ 7y ago
The price of the goods would rise to cover the cost of the additional transport and, additionally, make the act of transporting the goods profitable.
Wiki User
∙ 7y ago
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What is produced and exchanged in the real sector?
Goods and Services
What is a organized way for goods and services to be exchanged?
Bartering
How are goods and services exchanged in a traditional economy?
bro bro
What is economic thought?
To be aware of the goods and services that are exchanged throughout society.
Where were records of goods people exchanged made on?
please give us a answer
What would happen to the price of goods each time it exchanged hands from Asia to the middle east to Europe?
Each time a good changes hands, it increases in price.
Why was the slave trade called Triangular trade?
It was called the triangular trade because of the triangular shape that the three legs of the journey made.The first leg was the journey from Europe to Africa where goods were exchanged for slaves. The second, or middle, leg of the journey was the transportation of slaves to the Americas. It was nicknamed the 'middle passage. The third and final leg of the journey, was the transport of goods from the Americas back to Europe.
How did access to the silk road affect china's economy?
So China can trade and share goods with the Middle East, Middle west, and Europe
What is a physical object that can be exchanged?
Goods are physical objects that can be exchanged.
What goods are exchanged for salt?
they exchanged european wares for salt
What goods were exchanged along this route?
the goods were silk and cotton
What goods were exchanged along this silk route?
the goods were silk and cotton
How did people exchange in ancient communities?
They either exchanged goods of equal value, or exchanged goods, slaves etc for an agreed amount of cash.
How did Europe gain mathematical and scientific knowledge from the middle east?
They gained knowledge buy trading their goods for knowledge from the middle eastern. Trading was a big part of Europe.
Who controlled African slave trade?
It was a trading triangle:- Goods were sailed to West Africa and exchanged for slaves. The slaves were sailed to America and exchanged for tobacco, sugar and cotton. Tobacco, sugar and cotton were sailed to Europe and exchanged for money The money was used to purchase more goods to be sailed to Africa. Profit was taken out at each point in the triangle by the most money was made at the third point when goods form the Americas came back to Europe. That said the slave trading kingdoms in Africa became quite prosperous too as did the American plantation owners.
Who were the middle men who raised the prices of goods brought back to Europe from the far east?
the middle mens were the europeans China's
What is produced and exchanged in the real sector?
Goods and Services
