Market Economy: A market economy is an economic system in which decisions regarding production, distribution, and prices are determined by supply and demand interactions in free markets.
Trade Routes: Trade routes were established pathways used for conducting long-distance trade between different regions or countries. They facilitated the exchange of goods between traders from diverse areas.
Merchant Class: The merchant class referred to individuals who engaged in commercial activities such as buying and selling goods. They played a crucial role in driving economic growth and expanding commerce.