Trading Station
A trading post, trading station, or trading house, also known as a factory, is an establishment or settlement where goods and services could be traded. Typically the location of the trading post would allow people from one geographic area to trade in goods produced in another area. In some examples, local inhabitants could use a trading post to exchange local products for goods they wished to acquire. Examples Major towns in the Hanseatic League were known as ''kontors'', a form of trading posts. Charax Spasinu was a trading post between the Roman and Parthian Empires. Manhattan and Singapore were both established as trading posts, by Dutchman Peter Minuit and Englishman Stamford Raffles respectively, and later developed into major settlements. Other uses * In the context of scouting, trading post usually refers to a camp store in which snacks, craft materials, and general merchandise are sold. "Trading posts" also refers to a cub scout actitivty in which cub teams (or indiv ...
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Trading Post Bathrust (Gambia) 1900
Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market (economics), market. An early form of trade, barter, saw the direct exchange of goods and services for other goods and services, i.e. trading things without the use of money. Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or Earnings, earning. The History of money#Emergence of money, invention of money (and letter of credit (finance), credit, paper money, and digital currency, non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade involving more than two traders is called multilateral trade. In one modern view, trade exists due to specialization and the division of labour, a predominant form of economic activity in which individuals and grou ...
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