Function of supply merchant in India
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Indian merchants and bankers were involved in the network of export trade by financing production, carrying goods and supplying exporters. Supply merchants linked the port towns to the inland regions.They gave advances to weavers, procured the woven cloth from weaving villages, and carried the supply to the ports. At the port, the big shippers and export merchants had brokers who negotiated the price and bought goods from the supply merchants operating inland.
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FUNCTION OF SUPPLY MURCHANT IN INDIA
(i) Supply merchants linked the port towns to the inland regions.
(ii) They gave advances to weavers, procured the woven cloth from wearing villagers and carried the supply to the ports.
(iii) At ports, they had brokers who negotiated the price and bought goods from the supply merchants who were operating inland.
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(i) Supply merchants linked the port towns to the inland regions.
(ii) They gave advances to weavers, procured the woven cloth from wearing villagers and carried the supply to the ports.
(iii) At ports, they had brokers who negotiated the price and bought goods from the supply merchants who were operating inland.
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