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| 1. |
Tringular trade term |
| Answer» triangular trade : a multilateral system of trading in which a country pays for its imports from one country by its exports to another.It was used to refer to the trade in the 18th and 19th centuries that involved shipping goods from Britain to West Africa to be exchanged for slaves, these slaves being shipped to the West Indies and exchanged for sugar, rum, and other commodities which were in turn shipped back to Britain.Triangular trade or triangle trade is a historical term indicating trade among three ports or regions. Triangular trade usually evolves when a region has export commodities that are not required in the region from which its major imports come. Triangular trade thus provides a method for rectifying trade imbalances between the above regions. | |