Major general information merchant website
Answers
Answered by
3
A merchant is a person who trades in commodities produced by other people. Historically, a merchant is anyone who is involved in business or trade. Merchants have been known for as long as industry, commerce, and trade have existed. During the 16th-century, in Europe, two different terms for merchants emerged: One term, meerseniers, described local traders such as bakers, grocers, etc.; while a new term, koopman, described merchants who operated on a global stage, importing and exporting goods over vast distances, and offering added value services such as credit and finance.
The status of the merchant has varied during different periods of history and among different societies. In ancient Rome and Greece, merchants may have been wealthy, but were not accorded high social status. In contrast, in the Middle East, where markets were an integral part of the city, merchants enjoyed high status. In modern times, the term occasionally has been used to refer to a businessperson or someone undertaking activities (commercial or industrial) for the purpose of generating profit, cash flow, sales, and revenue utilizing a combination of human, financial, intellectual and physical capital with a view to fueling economic development and growth.
The status of the merchant has varied during different periods of history and among different societies. In ancient Rome and Greece, merchants may have been wealthy, but were not accorded high social status. In contrast, in the Middle East, where markets were an integral part of the city, merchants enjoyed high status. In modern times, the term occasionally has been used to refer to a businessperson or someone undertaking activities (commercial or industrial) for the purpose of generating profit, cash flow, sales, and revenue utilizing a combination of human, financial, intellectual and physical capital with a view to fueling economic development and growth.
Similar questions