write a paragraph on domestic and foreign trade during the medieval period
Answers
In the medieval period, the middle classes masses had been largely belonged to merchants and other professional classes such as vaidyas and hakims (Ayurvedic doctors) and other officials.
Trading Classes
Among the merchant classes, some specialized in wholesale trade, and others in the retail trade. The wholesale traders were known as ‘seth’ or ‘bohra’ and the retail traders were known as ‘beoparis’ or ‘banik.’
In south India, the community ‘chettis’ formed the trading class. Besides, there was a special class, ‘banjaras,’ who specialized in the trading
Types of Trade :-
Domestic Trade :- Internal trade refers to the buying and selling of goods and services within the geographical boundaries of a country both the buyer and seller belong to the same country it is also known as home trade or internal trade.
Foreign Trade :- External trade refers to the buying and selling of goods and services between different countries in the straight the seller and buyer belong to different countries it is also known as international trade or external trade.
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