Why Do Countries Trade With Each Other? Countries trade with each other when, on their own, they do not have the resources, or capacity to satisfy their own needs and wants. By developing and exploiting their domestic scarce resources, countries can produce a surplus, and trade this for the resources they need. What are the
Which Of The Following Best Explains How The Invention Of Money Affected The Barter System Apex? The best explanation that will describe how the invention of money affected the barter system is because of the cause of the barter system that is supplemented that is used by having a nonperishable or providing the nonperishable medium
What Was Traded During The Age Of Exploration? The Age of Discovery or Age of Exploration was a period from the early 15th century that continued into the early 17th century, during which European ships traveled around the world to search for new trading routes and partners. They were in search of trading goods such
What Is The Main Idea Of The Text American Shipping Faces Challenges Summarize The Main Idea And The Most Important Details? What is the main idea of the text, “American Shipping Faces Challenges? Summarize the main idea and the most important details. The main idea of the text is that the Americans were facing challenges
Why Were Merchants Important In Ancient China? In Ancient pre-Imperial China, merchants were highly regarded as necessary for the circulation of essential goods. How were merchants typically treated in China? Merchants were never treated with respect, but under most dynasties in ancient times, they were allowed to live as they could afford. What did merchants
Why Were European Outposts So Important To The Development Of Overseas Empires? Why were European outposts important in the development of overseas empires? An outpost is a small military base. They were important to the Europeans because they reinforced the power of the countries overseas and assisted in trade. The countries outside of Italy wanted
What Was Mesopotamia Money System? The Mesopotamian civilization developed a large-scale economy based on commodity money What did the Mesopotamians use as money? The Mesopotamian shekel – the first known form of currency – emerged nearly 5,000 years ago. The earliest known mints date to 650 and 600 B.C. in Asia Minor, where the elites
Is Barter Better Than Money? Bartering is the process of trading services or goods between two parties without using money in the transaction. When people barter, everyone benefits because they receive items or services they need or want. Bartering also has an advantage because even people without money can get something they need. Is bartering
What Are The Similarities Between Barter And Money? Goods and services are exchanged. Dual natured due to the Involvement of the two parties. Both the Economy, background mindset is to fulfill needs and wants. What are the differences between barter and money? The main difference between barter and monetary systems is that in monetary system
Were Mesopotamians Economically Successful? Trade and commerce developed in Mesopotamia because the farmers learned how to irrigate their land. They could now grow more food than they could eat. They used the surplus to trade for goods and services. Ur, a city-state in Sumer, was a major center for commerce and trade. How was the