What did the Tribal groups do when they wanted to buy goods not produc...
Tribal groups, when they wanted to buy goods not produced in their locality, typically engaged in a barter system. They exchanged the goods they produced for the goods they wanted, instead of using money or relying on traders and money lenders for loans.
Answer:
1. Like a barter system, Tribals bought goods they wanted in return for the goods they produced.
What did the Tribal groups do when they wanted to buy goods not produc...
The answer to the question is option 'A': Tribals bought goods for higher prices from traders and money lenders gave loans for this.
Explanation:
When tribal groups wanted to buy goods that were not produced in their locality, they had to rely on external sources. Here's a detailed explanation of why option 'A' is the correct answer:
1. Lack of Local Production:
- Tribal groups primarily relied on their local resources and skills to produce goods for their daily needs.
- However, there were certain goods that were not produced or available in their locality due to various reasons like geographical limitations, lack of resources, or specialized production techniques.
2. Dependence on Traders:
- In such cases, tribal groups had to depend on traders who brought these goods from outside their locality.
- Traders acted as intermediaries and facilitated the exchange of goods between tribal communities and the outside world.
- Since the tribal groups did not have direct access to these goods, they had to buy them from the traders.
3. Higher Prices:
- As the tribal groups did not have direct control over the production and distribution of these goods, they had to pay higher prices to the traders.
- The traders took advantage of the situation and charged a premium for bringing the goods to the tribal communities.
- This increased the cost of the goods for the tribal groups, making them more expensive compared to the prices in the outside markets.
4. Loans from Money Lenders:
- In many cases, tribal groups did not have enough money to buy these expensive goods from the traders.
- To overcome this financial barrier, they often borrowed money from money lenders.
- Money lenders provided loans to the tribal groups at high interest rates, which further increased the cost of the goods for the tribal communities.
5. Impact on Tribal Economy:
- Buying goods at higher prices and taking loans from money lenders had a negative impact on the tribal economy.
- The tribal communities had to spend a significant portion of their income on purchasing these goods and repaying the loans, leaving them with less resources for other essential needs.
- This perpetuated a cycle of dependency and economic exploitation, as the tribal groups had to rely on external sources and incur debts to meet their basic needs.
In conclusion, when tribal groups wanted to buy goods not produced in their locality, they had to buy them from traders at higher prices. To afford these goods, they often took loans from money lenders, resulting in economic exploitation and dependency.