In this article we will learn about:- 1. Meaning of Multiple Shop System 2. Characteristics of Multiple Shop System 3. Organisation 4. Advantages 5. Disadvantages 6. Effects on Middlemen. Contents: Meaning of Multiple Shop System Characteristics of Multiple Shop System Organisation of Multiple Shop System Advantages of Multiple Shop System Disadvantages of Multiple Shop System Effects on Middlemen in Multiple [...]
This article throws light upon the five stages of development of commerce. The stages are: 1. Primitive Stage 2. Barter Stage 3. Start of Trading 4. Town Economy Stage 5. International Trade. 1. Primitive Stage: In the olden days, the needs were very few and men produced only those things which they essentially needed and consumed. The man tilled the [...]
After reading this article you will learn about the various stages in the evolution of industry. Since the early middle ages there were not many kinds of industries, because the needs of the people were limited. They were only interested in meeting the basic necessities of life such as food, clothing and housing. The people were not much literate and [...]