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Marketplace facts & stats

7 fact-checked facts about marketplaces and trade, each with the reason behind it. 5 more are in today's round and join this page after it closes.

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The basics

In ancient Greek cities, what was the central open marketplace and gathering place called?

AnswerThe agora

The agora was the heart of a Greek city, used for markets, meetings and public life.

In ancient Rome, what was the public square used for markets and civic life called?

AnswerThe forum

The Roman Forum was the center of trade, government and public life in ancient Rome.

Going deeper

In a 'Dutch auction', how does the price change?

AnswerIt starts high and drops until someone accepts

Dutch auctions, long used at Dutch flower markets, lower the price until a buyer accepts.

The ancient Silk Road trade routes connected China with which region?

AnswerThe Mediterranean world

The Silk Road linked China through Central Asia and the Middle East to the Mediterranean.

In basic economics, if demand for a product rises while supply stays the same, what typically happens to its price?

AnswerIt rises

When more buyers compete for the same supply, sellers can charge more, so price tends to rise.

Expert level

The ancient kingdom of Lydia, in present-day Turkey, made some of the earliest coins from what?

AnswerElectrum, a natural gold-silver alloy

Lydian coins from the 600s BC were struck from electrum, a naturally occurring mix of gold and silver.

In 2018, Tokyo's famous wholesale fish market moved from Tsukiji to which new site?

AnswerToyosu

The inner wholesale market moved from Tsukiji to a new facility in Toyosu in October 2018.

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