answersLogoWhite

0

A trade is a form of medium of exchange, hence goods sold from one place to another are exchanged between two partners in the different area.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

What form of transportation did aboriginal peoples fur traders use?

bobby


The recommendation from partnership to sole traders?

The recommendation from partnership to sole traders


The Constitution Act of 1982 recognizes three main groups of Aboriginal peoples in Canada Which is the group that consists of descendents of European fur traders and First Nations women?

Metis


What form of transportation did aboriginal people and fur traders use?

bobby


What was the aboriginal women's role in the fur trade?

Aboriginal women played crucial roles in the fur trade as traders, negotiators, and intermediaries between indigenous communities and European traders. They controlled access to resources, such as furs, and had significant economic and social influence within their communities. They also often served as cultural ambassadors, preserving traditional knowledge and practices while adapting to new trade dynamics.


What do aboriginal artists base their art work on?

Traditional aboriginal artists based their artwork on two things:Stories from the Dreamtime, i.e. the aboriginal time of creationRetelling significant events such as hunts, initiations, visits from foreigners such as the Macassan traders or Dutch explorers


From whom are the Metis descended from?

the europeans and the aboriginals. the fur traders would come and marry aboriginal women, and their children were the metis.


What sea did the Phoenicians become expert traders in?

They first sold their goods to neighbours, then moved into the carriage trade - moving goods between other peoples and profiting from the sales.


What role does fur trade play in their partnership?

The fur trade historically played a crucial role in partnerships between Indigenous peoples and European settlers, facilitating economic exchange and cultural interaction. It enabled Indigenous communities to access European goods while providing fur traders with valuable resources for their markets. This trade often fostered alliances and interdependence, although it also led to significant social and environmental impacts. Over time, the dynamics of this partnership evolved, reflecting changes in economic priorities and cultural relationships.


Why sole traders need less capital than partnership?

Sole traders typically require less capital than partnerships because they operate independently and face lower overhead costs. They can make decisions quickly without needing to consult partners, which often results in a more streamlined approach to financing and resource allocation. Additionally, sole traders may have fewer operational complexities, allowing them to start with minimal investment compared to the shared financial responsibilities and potential larger-scale operations of a partnership.


How did the First Nations peoples help the fur trade?

First Nations peoples served as expert guides, skilled trappers, and essential intermediaries in the fur trade. They provided fur traders with knowledge of the land, access to resources, and facilitated trade relationships with other Indigenous groups. Additionally, First Nations peoples played a crucial role in the success of the fur trade by supplying valuable furs and pelts to European traders.


What was the orkney mens role in the fur trade?

Orkney men played a significant role in the fur trade as skilled traders and hunters. They were known for their abilities to navigate the treacherous waters of the North Atlantic and establish trade networks with indigenous peoples for fur pelts. Orkney men were vital intermediaries between European fur traders and indigenous communities in North America.