=The Purposes of Commerce.=—The people of the world spend a large part
of their energy in supplying their material wants, including food,
clothing, and shelter. We commonly think of the farmer and the
manufacturer as the ones chiefly engaged in this task, but if you stop
to think of it you will quickly realize that the farmers could not feed
the world nor could the manufacturers clothe it without the aid of
another important class, which includes merchants, traders,
transportation workers—in a word, all who are engaged in commerce. The
purpose of commerce is not to create things but to put economic goods
into the hands of those who need them. It places commodities where they
are wanted at the time when they are wanted. [Sidenote: Commerce
produces values.] In this sense commerce is a great producer, a producer
of values. It fetches the raw material from the mines or agricultural
areas to the industries. It brings the products of the factories to the
merchant and from the merchant to the homes of the people. It helps to
adjust the supply to the demand. Without commerce there would be an
abundance of things in one place and a shortage in another. Commercial
organization permits every part of the country, and indeed every part of
the civilized world, to produce the things which it is best fitted to
produce and to use these things in buying goods made elsewhere. Florida
grows oranges and Massachusetts makes shoes, but through channels of
commerce each secures what it needs from the products of the other.
[Sidenote: Commerce in its earliest forms.]
=The Development of Commerce.=—Now although the advantages of commerce
are so easy to realize, the commercial system of the modern world took
many centuries to develop. Primitive people did not have many wants and
all of them they supplied by their own exertions. Each little group of
people, each tribe or village, met its own needs. Then trade between
different villages and tribes began. It grew slowly in the early ages
because there were no easy means of transporting goods, and because
neighboring tribes were so often hostile to each other. This early trade
was conducted by barter, the direct exchange of one article for another,
there being no general use of money as a medium of exchange.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account