How did trade deals made by Muslim merchants affect the medieval world?

History

1 answer:

sergey [27]2 years ago

6 0

Answer:

C. People were able to pay less money for foreign goods.

Explanation:

Trade among different nations, societies, and states, always reduces the costs of goods and services accross the board, and there are many economic theories that explain why: the absolute advantage of Adam Smith, the comparative advantage of David Ricardo, or the Hecksher-Ohlin Model.

In the medieval world, this was no exception, and since the Muslims controlled a vast area between Europe and East Asia, they acted as the kingmarkers in international trade between the two regions (and between the Muslim controlled-regions themselves), which led to the reduction of the price of many goods and services.

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