11 Facts About Merchants

Merchants have operated for as long as industry, commerce, and trade have existed.

Merchants have been known for as long as humans have engaged in trade and commerce.

Merchants have existed as long as humans have conducted business, trade or commerce.

Merchants were those who bought and sold goods, while landowners who sold their own produce were not classed as merchants.

Merchants's villa, situated in one of the wealthier districts of Pompeii, was very large and ornately decorated in a show of substantial personal wealth.

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Merchants specialised in financing, organisation and transport while agents were domiciled overseas and acted on behalf of a principal.

Merchants found that there were many different types of merchants operating out of the markets.

Merchants inferred that selling at lower prices would lead to higher demand and recognised the value of achieving scale economies in production.

Merchants practiced planned obsolescence and understood the importance of "celebrity marketing" – that is supplying the nobility, often at prices below cost – and of obtaining royal patronage, for the sake of the publicity and kudos generated.

Merchants were importing produce from afar – grain from the Baltic, textiles from England, wine from Germany and metals from various countries.

Merchants published a book called Merchants in Motion: the art of Vietnamese Street Vendors.