The Emergence of Trade and the Evolution of Markets (Grade 10 NSC Matric Economics): Quizzes
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Practise the questions
10 questions from this quiz
What were traditional societies in the earliest human period?
What were traditional societies in the earliest human period?
Self-sufficient agricultural communities
What simple forms of currency emerged in early societies?
What simple forms of currency emerged in early societies?
Shells and beads
Which pastoral peoples continue traditional practices today?
Which pastoral peoples continue traditional practices today?
Masai in Kenya and Himba in Namibia
What crucial effect did specialisation have on production?
What crucial effect did specialisation have on production?
Enabled surplus production for exchange
Where did cities typically develop as trading activities expanded?
Where did cities typically develop as trading activities expanded?
Near river crossings or safe harbours
What did guilds provide for ordinary workers?
What did guilds provide for ordinary workers?
Way to unite & challenge ruling classes
When did the economic revolution with mercantile laws occur?
When did the economic revolution with mercantile laws occur?
Between 1500 and 1889
When did European nations colonise many regions around the world?
When did European nations colonise many regions around the world?
From 1500 to 1900
When did industrialisation and technological advancement begin?
When did industrialisation and technological advancement begin?
During the 18th century
How did banks earn profits?
How did banks earn profits?
Difference between interest rates paid/charged