Question

From which of the following trade did the early entrepreneurs make a fortune?
(a) Textile trade
(b) China trade
(c) Trade in tea
(d) Industries

Answer 1

Answer:

Option (b) China trade

From China trade of the following trade did the early entrepreneurs make a fortune.

Additional Information :

• The process of trade is one of the basic economic concepts.

• Trade includes buying and selling of goods and services, or the exchange of goods or services between individuals or groups.

• Trade is broadly classified as of 2 types -

• Internal/Domestic trade.
• External/International trade.

• China trade helped the early entrepreneurs a lot. China traded many things.

• Things that China used to export are teas, sugar, salt, silk, and spices. 

• China imported goods like ivory, wool, silver, gold, and cotton.

• The Silk Road took got its name from China's most famous export silk.

• China exported silk to Asian and European countries.

Answer 2

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QUESTION :

From which of the following trade did the early entrepreneurs make a fortune?

(a) Textile trade √√√√√√√

(b) China trade

(c) Trade in tea

(d) Industries

SOLUTION :

The answer is Option A.

Textile trade did the early entrepreneurs make a fortune.

In the ancient times, textile trade was the most popular trading industries.

Textile trading existed during the ancient times.

Countries as far as Egypt traded textiles, spices etc with India with products from the West.