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Commerce Ground to a Halt in the Ilkhanate of Persia

question 20

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Commerce ground to a halt in the ilkhanate of Persia in the 1290s after


Definitions:

Crude Oil

A natural petroleum product that’s extracted from the ground and is a global primary energy source, undergoing refinement for various uses.

Tractors

Heavy vehicles designed for agricultural use, mainly for plowing, tilling, and planting fields.

Autarky

An economic system where a country or entity is self-sufficient and does not engage in trade with external parties.

Comparative Advantage

The capability of an entity to generate a product or service with a lesser opportunity cost compared to others, resulting in enhanced trading efficiency.

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