Economy, asked by adreeja5390, 1 year ago

Development of trade and commerce in ancient india

Answers

Answered by Krishraj2806
10
City is essentially a place of exchange for trade and commerce in Ancient India. Commerce involved the buying and selling, or products. Greater demand of products necessitated the concentration of artisans in the towns of Ancient India. Specialization led to proficiency and skill in the crafts. It also encouraged artisans working on a particular craft to live in the same part of the town, which facilitated the obtaining of raw materials or selling the finished product to merchants.

The Ancient Indian merchants went from village to village to collect for example, cotton thread from the spinners or cotton cloth from the weavers and to sell them in village where they were in demand. The Ancient merchants earned a profit through supplying the goods acquired. What was true of thread or cloth also applied to grain and or cloth also applied to grain and or cloth also applied to grain and other products. Soon there was large trade or exchange of goods in the country.

Similar questions