ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Italian city-states were in an ideal position for international trade because Italy sits at the intersection of both land and sea trade routes between Europe and Asia.

Detailed explanation-2: -The eleventh century is, in European history, a century of change. It is usually marked as the first period of the High Middle Ages and is therefore sometimes termed the Early Middle Ages, though this term has another common meaning synonymous with Dark Ages.

Detailed explanation-3: -Trade became very important during the Renaissance because Italy had few natural resources. During this time period there was a great demand for products that were not produced in Italy or were produced in insufficient quantities.

Detailed explanation-4: -Situated in the heart of a lagoon on the coast of northeast Italy, Venice was a major power in the medieval and early modern world, and a key city in the development of trade routes from the east to Europe.