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Advanced Placement (AP) Macroeconomics (also known as AP Macro and AP Macroecon) is an Advanced Placement macroeconomics course for high school students that culminates in an exam offered by the College Board.
Pochteca (singular pochtecatl) were professional, long-distance traveling merchants in the Aztec Empire. The trade or commerce was referred to as pochtecayotl . Within the empire, the pochteca performed three primary duties: market management, international trade, and acting as market intermediaries domestically. [ 1 ]
The long trade routes created popular trading ports called Entrepôts. [36] There were three popular Entrepôts in Southeast Asia: the Malaka in southwestern Malaya, Hoi An in Vietnam, and Ayuthaya in Thailand. [36] These super centers for trade were ethnically diverse, because ports served as a midpoint of voyages and trade rather than a ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
According to this view, global trade commenced in 1571 when Manila was founded and became the first trading post linking America and Asia due to the expansive and profitable silver trade. [41] Scholars find the amount of silver traveling from Manila to China was approximately three million pesos or 94,000 kilograms in the early 1600s.
A long position is what you take when you expect a security to rise in value. Someone who has taken a long position in a given security has purchased that security, or taken a long position with a ...
The entrepôt dock of Amsterdam completed in 1830 as a warehouse to store goods entrepôt, or tax-free in transit. An entrepôt (English: / ˈ ɒ n t r ə p oʊ / ON-trə-poh; French: [ɑ̃tʁəpo] ⓘ) or transshipment port is a port, city, or trading post where merchandise may be imported, stored, or traded, usually to be exported again.
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