Trade and Economic Growth in Ancient Rome Ancient Rome’s pro…
Trade and Economic Growth in Ancient Rome Ancient Rome’s prosperity and long-standing dominance were significantly bolstered by its expansive trade networks across Europe, Asia, and Africa. These networks facilitated the free flow of goods such as spices, silk, and precious metals, demonstrating early free market dynamics. By reducing barriers and enabling trade, Rome capitalized on the economic principles of supply and demand, which fueled growth and urban development. Question: How did Rome’s extensive trade networks support free-market principles and contribute to its economic prosperity? A) By enforcing strict trade monopolies B) By fostering competition and trade efficiency, which enhanced economic growth C) By centralizing all economic activities under state control D) By limiting the variety and quantity of goods traded