What economic advantage came from trading cotton as both raw fibre and finished cloth?
Answer and explanation
Correct answer: The same resource could be exchanged at different levels of value
The governing concept is value addition through processing. Raw cotton had a basic exchange value, while spinning and weaving converted it into cloth containing additional labour, skill and production time. Thus, the same resource could enter exchange at different value levels, making option C correct and creating opportunities for cultivators, spinners, weavers and traders. Measurement did not disappear, and the process strengthened rather than ended cotton’s connection with crafts.
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What is the correct answer to this question?
The same resource could be exchanged at different levels of value
Why is this the correct answer?
The governing concept is value addition through processing. Raw cotton had a basic exchange value, while spinning and weaving converted it into cloth containing additional labour, skill and production time. Thus, the same resource could enter exchange at different value levels, making option C correct and creating opportunities for cultivators, spinners, weavers and traders. Measurement did not disappear, and the process strengthened rather than ended cotton’s connection with crafts.
Which subject and chapter does this question cover?
This is a Class 12 History question. Chapter: Bricks, Beads and Bones. Topic: trade.
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