Among these were the development of marine trading empires and the Columbian Exchange, higher agricultural output, and more private wealth accumulation.
What is marine trading?
The trading and transport of products over bodies of water, particularly the sea, is referred to as maritime trade. In the past, people liked this type of transaction.
In the past, India's marine trade was assisted by ports on the Malabar Coast, Coromandel Coast, etc. Maritime trade is the exchange of goods between two nations across international borders.
It is a low-cost, effective way of moving goods produced, cultivated, or mined from one country to another and is crucial to the development of the global economy and of developing countries.
Cheaper than alternative modes of transportation enables the transportation of hazardous materials. Green logistics is supported and is less polluting than other types of transportation. if a shipment only contains a minimal number of items.
Learn more about marine trading, here