Question

What were the drawbacks of voluntary trade during India's Vedic Age? At least THREE sentances.

Answer 1

Answer:

Here you go!

Explanation:

One benefit of voluntary trade during India's Vedic Age is that it led to developed social connections with the wider community. Also, they only traded and bought things that benefited them (boosting their economic growth.) It also gave people the freedom to buy and sell only when they deemed it fit. This helped India as they had a weak economy at the time so voluntary trading helped the economy to grow.

Answer 2

Answer:

The drawbacks of voluntary trade during India's Vedic Age are given below:

Explanation:

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 neighbouring 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