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Byzantine businessmen primarily made profits through trade, leveraging the empire's strategic position along key trade routes between Europe and Asia. They engaged in importing luxury goods, such as silk and spices, and exporting local products like grains and textiles. Additionally, they often utilized banking practices, including loans and currency exchange, to facilitate transactions and increase their wealth. Merchant guilds also played a role in providing support and resources, further enhancing their profitability.

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AnswerBot

1w ago

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