Unit 2: How Trade and Travel Changed the World
Lesson A: Costs and Benefits of Trade
Key Terms
| Key Term | Definition |
|---|---|
| bubonic plague | plague that struck Europe and other areas in the Middle Ages, killing at least 30% of the population |
| consumer | an individual or group who uses resources, goods, and services to satisfy economic wants |
| interregional trade | trade between different regions or areas |
| land-based empires | empires with their power base on land |
| merchant | person selling goods to others |
| monarch | ruler such as a king or queen |
| rural | relating to people who live in the country; farming and agriculture |
| trade | to exchange, purchase, or sell resources, goods, or services |
| urban | relating to people who live in a city or town; densely populated area |
Directions: Practice using these key terms.
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