SSC
WORLD HISTORY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Established monopolies and paper money
|
|
|
Implemented new farming policies
|
|
|
Gave people tax breaks
|
|
|
Institute a series of mining production
|
Detailed explanation-1: -The economy of the Song dynasty (960–1279) in China was the wealthiest economy in the world during its time. The dynasty moved away from the top-down command economy of the Tang dynasty (618-907) and made extensive use of market mechanisms as national income grew to be around three times that of 12th century Europe.
Detailed explanation-2: -The economy of Song China became increasingly commercialized while continuing to depend on free peasant and artisanal labor. The economy of Song China flourished as a result of increased productive capacity, expanding trade networks, and innovations in agriculture and manufacturing.
Detailed explanation-3: -The Song set up supervised markets along the border to encourage this trade. Chinese goods that flowed north in large quantities included tea, silk, copper coins (widely used as a currency outside of China), paper and printed books, porcelain, lacquerware, jewelry, rice and other grains, ginger and other spices.