Question

What were the drawbacks of voluntary trade during India's Vedic Age?

Answer 1

Answer:

Well other than the obvious fact that it is dangerous because its outlying kingdoms were vulnerable to invasion. Another thing they had to worry about was certain trading groups would become too dependent on their necessary goods.

The Vedic Age in India (c. 1500 BC-c. 500 BC), also known as the Vedic Period, was the time when the Vedas (the oldest sacred texts in India) were written. During the earliest part of this period and even the period which preceded it, economy was mainly characterized as being self-sufficient, so trade was not so popular. This meant that there were some drawbacks of voluntary trade, for example:

• little scope for product exchange

• households produced just the necessary supplies for the family

• the surplus was stored for future use

• the different neighboring areas were not connected by trade, as they were self-sufficient

• each farm produced their own grains, clothing and other commodities

• roads were poorly made, so trade was difficult - they traveled down the rivers instead of roads

• people were semi-nomadic

• economic exchange was in the form of gift-giving

Explanation:

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