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How did trade strengthened the Maya Civilization?
As the trade increased villages grew. By about AD 200, the Maya had begun to build large cities in Mesoamerica.
When did the commercial revolution start?
The Commercial Revolution is generally considered to have begun in the late 11th century and continued into the 18th century. It was marked by the expansion of trade and commerce in Europe, driven by factors like the growth of markets, the rise of merchant capitalism, and the exploration of new trade routes. Key developments included the establishment of trade fairs, the emergence of banking systems, and the rise of colonial empires. This period laid the groundwork for modern economic systems and globalization.
How does trade influence culture?
* Immigration increases as trade increases. * International tourism increases. * A nation imports other cultures with imported goods. * A nation exports its culture with its products.
What nation controlled little of the trade that was allowed in China?
England
Which shows the importtance the mongls placed on improving trade contacts with other civilization?
the establishment of caravan routes
This Nation dominated slave trade?
The British were the dominant nation of the slave trade.
How is trade deficit and trade surplus similar?
They're actually the same thing: Nation A sells a higher value of goods to Nation B than Nation B sells to Nation A. Whether you're looking at a trade deficit or trade surplus depends on if you're Nation A or Nation B.
Internal vs external trade?
internal trade- trade which is done within the boundaries of a nation or a country is internal trade external trade-trade which is done with other countries or nation is external trade by divya kalra
What was The result of Portugal's establishment of trade routes in the east?
help me!
What was a major result of the spice trade?
the establishment of European empires
Which was a major result of the spice trade?
The establishment of European empires
What is the difference in value between what a nation imports and what it exports over time?
The the difference in value between what a nation imports and exports over time is called the trade balance. If a nation exports more than it imports, it has a trade surplus. If a nation imports more than it exports, it has a trade deficit. This trade balance can impact a nation's currency value and overall economic health.
When the value of a nation imports exceeds the value of that nations exports the nation is said to have?
When nation's value of imports exceeds the value of its exports, it can be said that the nation has a trade deficit.
For a nation to prosper it must?
Trade
Why a nation can have a favorable balance of trade and a unfavorable balance of payment?
it shows up as a trade deficit with the soncumer-goods-exporting nation.
Why do nations benefit from world trade?
the good thing is that a nation when get engaged into an international trade then the nation export their national products due to which the people of the other world come to know about the speciality of that nation through the means of international trade.
Who gains more from trade when nations are of unequal economic size?
If one nation is significantly larger than the other, the larger nation attains fewer gains from trade, while the smaller nation captures most of the gains from trade.
