Answer :
The analysis of the given statement by Pliny the Elder, a Roman philosopher and politician is given below:
He believes that the outlandish stories being cooked up by Arab traders in the Middle East who refused to share where they harvested their spices were to increase the price of their goods.
This impacted European political and economic beliefs as the principle of demand and supply were perfected based on this,
What is Trade?
This refers to the buying and selling of goods and services where value is exchanged.
Hence, we can see that The analysis of the given statement by Pliny the Elder, a Roman philosopher and politician is given below:
He believes that the outlandish stories being cooked up by Arab traders in the Middle East who refused to share where they harvested their spices were to increase the price of their goods.
This impacted European political and economic beliefs as the principle of demand and supply were perfected based on this,
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