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Economics

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How was philippines economy during pre-colonial era?

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Answer:

The economic history of the Philippine Islands had been traced back to the pre-colonial times. The country which was then composed of different kingdoms and thalassocracies oversaw the large number of merchants coming to the islands for trade. ... The merchants traded for goods such as gold, rice, pots and other products.

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THE ECONOMIC HISTORY OF THE PHILIPPINE ISLAND HAD BEEN TRACKED BACK TO THE PRE COLONYAL TIMES. THE COUNTRY WHICH WAS THEN COMPOSED OF DIFFERENT KINGDOMS AND THALASSOCRACIES OVERSAW THE LARGE NUMBER OF MERCHANTS COMING TO THE ISLANDS OF TRADE.. THE MERCHANTS TRADED FOR GOODS SUCH AS GOLD,RICE, AND OTHER PRODUCTS.

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