ECONOMICS (CBSE/UGC NET)

ECONOMICS

TRADE EXCHANGE AND INTERDEPENDENCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The intentional trading of goods for Europe to make a profit
A
Columbian Exchange
B
Triangular Trade
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -three stages of the so-called triangular trade, in which arms, textiles, and wine were shipped from Europe to Africa, enslaved people from Africa to the Americas, and sugar and coffee from the Americas to Europe.

Detailed explanation-2: -The triangular trade was the three-legged route that made up the Atlantic slave trade. The trade traffic flowed to and from three general areas on either side of the Atlantic Ocean. These areas form a rough triangle when viewed on a map. They were in Europe, Africa, and the Americas.

There is 1 question to complete.