1. Discuss about internal and foreign trades in the medieval period.
( Ans according to class 7)
Answers
Answer:
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Explanation:
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Answer:
An early form of trade, barter, saw the direct exchange of goods and services for other goods and services. Need quotation to verify] Barter involves trading things without the use of money. When either bartering party started to involve precious metals, these gained symbolic as well as practical importance.[citation needed] Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (and later of credit, paper money and non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade involving more than two traders is called multilateral trade.
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