ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC SYSTEMS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Roman Empire was successful by trading using both roads and sea routes.
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Silk Road, also called Silk Route, ancient trade route, linking China with the West, that carried goods and ideas between the two great civilizations of Rome and China.

Detailed explanation-2: -The Romans are celebrated for their roads but in fact, it remained much cheaper to transport goods by sea rather than by river or land as the cost ratio was approximately 1:5:28.

Detailed explanation-3: -The Roman army made the roads and sea routes safe for traders. In turn, trade helped the economy grow. People in each area of the empire could sell what they grew or made to people in other areas who could use these goods. They could also buy things that they couldn�t produce for themselves.

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