Trading in the UAE

What is trading?

• Trading is the exchange of goods, services, or financial instruments.

• Trading is the process of manufacturing goods.

• Trading is a form of gambling.

• Trading is only buying stocks.

What did merchants use to travel to other countries?

• Trains and bicycles

• Airplanes and buses

• Horses and camels

• Ships and caravans

Name one product that merchants sold from the UAE.

• Perfumes

• Gold jewelry

• Dates

• Spices

What did merchants buy from other countries?

• Automobiles

• Spices, textiles, precious metals, luxury items

• Electronics

• Fruits

What is a coastal town?

• A coastal town is an inland city.

• A coastal town is a settlement near the coast of a body of water.

• A coastal town is a mountain village.

• A coastal town is a desert settlement.

How did small coastal towns change over time?

• They remained unchanged as fishing villages.

• They were abandoned and left to decay.

• They became primarily agricultural communities.

• Small coastal towns changed from fishing communities to diverse economies with tourism and urbanization.

What is one example of a product that merchants sold?

• electronics

• furniture

• clothing

• toys

Why is trading important to the people of UAE?

• Trading is only important for foreign investors.

• Trading has no impact on job creation.

• Trading is primarily for local consumption only.

• Trading is important to the people of UAE because it drives economic growth, creates jobs, and enhances international relations.

What are large modern ports used for?

• Tourism and recreational activities

• Fishing and marine research

• Large modern ports are used for international trade, cargo handling, logistics, and connecting supply chains.

• Military operations and naval bases