Trade systems refer to networks and routes established for the exchange of goods and services between different regions or countries. These systems involve various methods such as transportation, communication, and commercial practices.
Related terms
Silk Road: The Silk Road was an ancient network of trade routes connecting Asia with Europe and Africa. It facilitated the exchange of goods such as silk, spices, and precious metals.
Maritime Trade: Maritime trade refers specifically to trade conducted via sea routes rather than overland routes. It played a crucial role in connecting different regions during medieval times.
Mercantilism: Mercantilism was an economic theory prevalent during this period that emphasized the accumulation of wealth through trade, particularly through exports exceeding imports.