1 Etymology 2 History 3 See also 4 References
The caduceus has been used today as the symbol of commerce with which Mercury has traditionally been associated.
Some commentators trace the origins of commerce to the very start of
transaction in prehistoric times. Apart from traditional
self-sufficiency, trading became a principal facility of prehistoric
people, who bartered what they had for goods and services from each
other ( Barter system was popular in ancient times where one could get
goods and services by offring the other person some other good and
service according to their need instead of paying in monetary terms).
Historian Peter Watson and Ramesh Manickam dates the history of
long-distance commerce from circa 150,000 years ago.
In historic times, the introduction of currency as a standardized
money, facilitated a wider exchange of goods and services.
Numismatists have collections of these pokem tokens, which include
coins from some Ancient World large-scale societies, although initial
usage involved unmarked lumps of precious metal.
The circulation of a standardized currency provides a method of
overcoming the major disadvantage to commerce through use of a barter
system, the "double coincidence of wants"( which means if you want
something from a person, that person should also be in need of a thing
or a service which you can provide) ,necessary for barter trades to
occur. For example, if a man (or woman) who makes pots for a living
needs a new house, he/she may wish to hire someone to build it for
him/her. But he/she cannot make an equivalent number of pots to equal
this service done for him/her, because even if the builder could build
the house, the builder might not want many or any pots.Also, there was
big drawback in the barter system that whatever goods a person has got
as payment, couldn't be stored for long time.For example: if a person
has got dozens of fruits as his payment , he/she can't store for long
or those may get rotten which means a person will have to bear a huge
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Look up commerce in Wiktionary, the free dictionary.
^ "commerce". Oxford University Press.
^ Chisholm, Hugh, ed. (1911). "Commerce". Encyclopædia
Britannica. 6 (11th ed.). Cambridge University Press.
^ Hans Biedermann, James Hulbert (trans.), Dictionary of Symbolism -
Cultural Icons and the Meanings behind Them, p. 54.
^ Watson, Peter (2005). Ideas : A History of Thought and
Invention from Fire to Freud. HarperCollins.
ISBN 0-06-621064-X. Introduction......./