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In Roman and early Europe times things from China (the far East area) were very hard to get because of the frightful ordeal of getting them to Europe. Long sea travel around Asia and Europe and land travel across vast distances including deserts made the cost of luxury goods prohibitive for all but the very rich.
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Chinese merchants traded luxury goods for?
Luxury good were traded by Chinese merchants for Spices, Teas, and Porcelain goods.
Why were the goods from east Asia so expensive?
There could be various reasons for the goods from East Asia being expensive. Some possible factors include high production costs, including labor and raw materials, as well as transportation costs for shipping the goods to other regions. Additionally, goods from East Asia may have high demand or be perceived as high quality, leading to higher prices.
What accurately compares America's World War I economy with Europe's?
Americans could invest in luxury goods like radios and automobiles, while European economies struggled to rebuild and grow.
What statement accurately compares Americas post world War 1 economy with Europe's?
Americans could invest in luxury goods like radios and automobiles, while European economies struggled to rebuild and grow. The postwar boom continued into the Roaring 20s.
Why did serfdom come to an end in Europe?
There are several reasons. One would be the introduction of luxury goods (as a result of the Crusades). As luxury goods were introduced in Europe, lords and kings wanted goods like silk and spices. Towns started to develop and coined money was reintroduced into Europe. Towns gave serfs other options in life and undermined the authority of the lords since Kings granted charters to the towns. Also, as coined money was reintroduced so the lords and kings could buy luxury goods, serfs began to sell their goods rather than exchange them for protection and land in the manor and buy their freedom. The development of natural rights, started by the Magna Carta in Europe in 1215, began to introduce ideas that undermined the basic principles of serfdom. Another reason feudalism declines in the decline of Viking raids. A period known as the Great Warming allowed Vikings to travel North and West (toward Greenland and Canada) and attack manors with less frequency. Since serfdom was based on a system of protection, if protection was no longer needed because Europe was safer than serfs rely on their manors less. Also, the Great Warming coincided with the Agricultural Revolution where surplus food was beginning to be produced. As a result of more food, people were healthier, could leave manors or sell their food to then buy freedom. By the 1800s, only Russia still has serfdom and it is outlawed by 1863. There is no single answer to this question--you may want to narrow to a part of Europe rather than Europe as a whole.
How can you define what goods are luxury goods?
Either expensive, valuable, or rare. It usually falls under several of these categories.
Examples for luxury goods?
Are like Expensive Jewlery, Clothing, Cars, Vactions, & Smart Phone
What does the United Kingdom trade to Canada?
Scotch and Irish whiskeys, luxury goods such as high fashion clothing, expensive cars.
What are some examples of luxury goods?
Some examples of luxury goods are make up, sports car, expensive watches,jewelery,mobile phones,ipad, ipod,nitendo,fridge ,freezer, designer clothes/bags/accessories etc.
Chinese merchants traded luxury goods for?
Luxury good were traded by Chinese merchants for Spices, Teas, and Porcelain goods.
Suppose a customer purchases only 2 goods Can both goods be luxury goods?
The goods are deserts The goods are deserts
The difference between essential and luxury goods?
essential-needed to survive luxury-wanted
What type of taxes are inheritance and excise taxes on luxury goods?
It is a progressive tax. Because the tax gets higher as you pay high price for the luxury goods.
Luxury goods like Dom Perignon champagne tend to have demand curves?
Luxury goods like Dom Perignon champagne tend to have ______ demand curves.
What is the rate for Luxury Tax?
The luxury tax is a tax on luxury goods, which are products considered not essential for living. The luxury is levied at different rates depending on the price of the product.
How expensive are luxury caskets?
This question is quite difficult to answer because of the vagueness of the expression "luxury casket". The concept of "luxury" itself is already a rather vague one. Trying to give a usable definition of it, one might say that luxury (from Latin "luxus": excess / waste) usually signifies a costly human behavior like extraordinary expenditures for consumption goods and services which by far exceed the necessary and normal level of a reasonable standard of living. Material luxury is based on easily recognizable values embodied in expensive and therefore relatively rare material objects conducive to sumptuous or elegant living; the luxury goods are inessential, but they function as conspicuous symbols of status or success, making it possible for a person to distinguish himself or herself from other people.
What examples of goods that might not be bought when prices rise?
luxury
