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Factor (agent)
A factor is a type of trader who receives and sells goods on commission, called factorage. A factor is a mercantile fiduciary transacting business that operates in their own name and does not disclose their principal. A factor differs from a commission merchant in that a factor takes possession of goods (or documents of title representing goods, such as a bill of lading) on consignment, but a commission merchant sells goods not in their possession on the basis of samples. Most modern factor business is in the textile field, but factors are also used to a great extent in the shoe, furniture, hardware, and other industries. The number of trade areas in which factors operate has increased. In the United Kingdom, most factors fall within the definition of a mercantile agent under the Factors Act 1889 ( 52 & 53 Vict. c. 45), and therefore have the powers of such. A factor has a possessory lien over the consigned goods that covers any claims against the principal arising out of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goods
In economics, goods are anything that is good, usually in the sense that it provides welfare or utility to someone. Alan V. Deardorff, 2006. ''Terms Of Trade: Glossary of International Economics'', World Scientific. Online version: Deardorffs' Glossary of International Economics"good" an Goods can be contrasted with bads, i.e. things that provide negative value for users, like chores or waste. A bad lowers a consumer's overall welfare. Economics focuses on the study of economic goods, i.e. goods that are scarce; in other words, producing the good requires expending effort or resources. Economic goods contrast with free goods such as air, for which there is an unlimited supply.Samuelson, P. Anthony., Samuelson, W. (1980). Economics. 11th ed. / New York: McGraw-Hill. Goods are the result of the Secondary sector of the economy which involves the transformation of raw materials or intermediate goods into goods. Utility and characteristics of goods The change in utility (pl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monopoly
A monopoly (from Greek language, Greek and ) is a market in which one person or company is the only supplier of a particular good or service. A monopoly is characterized by a lack of economic Competition (economics), competition to produce a particular thing, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit. The verb ''monopolise'' or ''monopolize'' refers to the ''process'' by which a company gains the ability to raise prices or exclude competitors. In economics, a monopoly is a single seller. In law, a monopoly is a business entity that has significant market power, that is, the power to charge Monopoly price, overly high prices, which is associated with unfair price raises. Although monopolies may be big businesses, size is not a characteristic of a monopoly. A small business may still have the power to raise prices in a small industry (or market). A monopoly may als ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Accounts Receivable
Accounts receivable, abbreviated as AR or A/R, are legally enforceable claims for payment held by a business for goods supplied or services rendered that customers have ordered but not paid for. The accounts receivable process involves customer onboarding, invoice, invoicing, collections, deductions, exception management, and finally, cash posting after the payment is collected. Accounts receivable are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame. Accounts receivable is shown in a balance sheet as an asset. It is one of a series of accounting transactions dealing with the billing of a customer for good (economics), goods and Service (economics), services that the customer has ordered. These may be distinguished from notes receivable, which are debts created through formal legal instruments called promissory notes. Accounts receivable can impact the liquidity of a company. Overview Accounts receiva ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sachem
Sachems and sagamores are paramount chiefs among the Algonquians or other Native American tribes of northeastern North America, including the Iroquois. The two words are anglicizations of cognate terms (c. 1622) from different Eastern Algonquian languages. Some sources indicate the sagamore was a lesser chief elected by a single band, while the sachem was the head or representative elected by a tribe or group of bands; others suggest the two terms were interchangeable. The positions are elective, not hereditary. Although not strictly hereditary the title of Sachem is often passed through the equivalent of tanistry. Etymology The Oxford English Dictionary found a use from 1613. The term "Sagamore" appears in Noah Webster's first ''An American Dictionary of the English Language'' published in 1828, as well as the 1917 ''Webster's New International Dictionary''. One modern source explains: According to Captain John Smith, who explored New England in 1614, the Massachus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tribal Chief
A tribal chief, chieftain, or headman is a leader of a tribe, tribal society or chiefdom. Tribal societies There is no definition for "tribe". The concept of tribe is a broadly applied concept, based on tribal concepts of societies of western Afroeurasia. Tribal societies are sometimes categorized as an intermediate stage between the band society of the Paleolithic stage and civilization with centralized, super-regional government based in Cities of the Ancient Near East, cities. Anthropologist Elman Service distinguishes two stages of tribal societies: simple societies organized by limited instances of social rank and prestige, and more stratified society, stratified societies led by chieftains or tribal kings (chiefdoms). Stratified tribal societies led by tribal kings are thought to have flourished from the Neolithic stage into the Iron Age, albeit in competition with Urban area, urban civilisations and empires beginning in the Bronze Age. In the case of tribal societies ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Opperhoofd
is a Dutch word (plural ) that literally translates to "upper-head", meaning "supreme headman". The Danish cognate , which is a calque derived from a Danish pronunciation of the Dutch or Low German word, is also treated here. The standard German cognate is . In modern Dutch, remains in use for a native tribal chief, such as a ''sachem'' of Native Americans. Despite the superlative etymology, it can be applied to several chiefs in a single native community. The derived Danish word also carries this same meaning. However, this article is devoted to its more former, historical use as a gubernatorial title, comparable to the English chief factor, for the chief executive officer of a Dutch in the sense of trading post, as led by a factor, i.e. agent. The etymologically cognate title of Danish (singular) had a similar gubernatorial use (sometimes rendered in English as station chief), notably on the Danish Gold Coast. Dutch colonial ''opperhoofden'' In Asia The factory e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Slave Coast Of West Africa
The Slave Coast is a historical region along the Atlantic coast of West Africa, encompassing parts of modern-day Togo Togo, officially the Togolese Republic, is a country in West Africa. It is bordered by Ghana to Ghana–Togo border, the west, Benin to Benin–Togo border, the east and Burkina Faso to Burkina Faso–Togo border, the north. It is one of the le ..., Benin, and Nigeria. It is located along the Bight of Biafra and the Bight of Benin that is located between the Volta River and the Lagos Lagoon. The name is derived from the region's history as a major source of African people sold into slavery during the Atlantic slave trade from the early 16th century to the late 19th century. During this time, this coastal area became a major hub for the export of enslaved Africans to the Americas. European powers, including the Portuguese, British, Dutch, Danish, and French, established forts and trading posts in the region to facilitate the slave trade. The area was so name ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dutch West India Company
The Dutch West India Company () was a Dutch chartered company that was founded in 1621 and went defunct in 1792. Among its founders were Reynier Pauw, Willem Usselincx (1567–1647), and Jessé de Forest (1576–1624). On 3 June 1621, it was granted a :wikisource:Charter of the Dutch West India Company, charter for a trade monopoly in the Dutch West Indies by the Republic of the Seven United Netherlands and given jurisdiction over Dutch participation in the Atlantic slave trade, Brazil, the Caribbean, and North America. The area where the company could operate consisted of West Africa (between the Tropic of Cancer and the Cape of Good Hope) and the Americas, which included the Pacific Ocean and ended east of the Maluku Islands, according to the Treaty of Tordesillas. The intended purpose of the charter was to eliminate competition, particularly Spanish or Portuguese, between the various trading posts established by the merchants. The company became instrumental in the largely eph ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Java
Java is one of the Greater Sunda Islands in Indonesia. It is bordered by the Indian Ocean to the south and the Java Sea (a part of Pacific Ocean) to the north. With a population of 156.9 million people (including Madura) in mid 2024, projected to rise to 158 million at mid 2025, Java is the world's List of islands by population, most populous island, home to approximately 55.7% of the Demographics of Indonesia, Indonesian population (only approximately 44.3% of Indonesian population live outside Java). Indonesia's capital city, Jakarta, is on Java's northwestern coast. Many of the best known events in Indonesian history took place on Java. It was the centre of powerful Hindu-Buddhist empires, the Islamic sultanates, and the core of the colonial Dutch East Indies. Java was also the center of the History of Indonesia, Indonesian struggle for independence during the 1930s and 1940s. Java dominates Indonesia politically, economically and culturally. Four of Indonesia's eig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banten
Banten (, , Pegon alphabet, Pegon: بنتن) is the westernmost Provinces of Indonesia, province on the island of Java, Indonesia. Its capital city is Serang and its largest city is Tangerang. The province borders West Java and the Special Capital Region of Batavia, Special Capital Region of Jakarta on the east, the Java Sea on the north, the Indian Ocean on the south, and the Sunda Strait (which separates Java from the neighbouring island of Sumatra) on the west and shares a maritime border with Lampung to the west. The province covers an area of . It had a population of over 11.9 million in the 2020 Indonesian census, 2020 census,Badan Pusat Statistik, Jakarta, 2021. up from about 10.6 million in 2010 Indonesian census, 2010.Biro Pusat Statistik, Jakarta, 2011. The estimated mid-2024 population was 12.43 million.Badan Pusat Statistik, Jakarta, 28 February 2025, ''Provinsi Banten Dalam Angka 2025'' (Katalog-BPS 1102001.36) Formerly part of the province of West Java, Banten was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guangzhou
Guangzhou, Chinese postal romanization, previously romanized as Canton or Kwangchow, is the Capital city, capital and largest city of Guangdong Provinces of China, province in South China, southern China. Located on the Pearl River about northwest of Hong Kong and north of Macau, Guangzhou has a history of over 2,200 years and was a major terminus of the Silk Road. The port of Guangzhou serves as a transportation hub for China's fourth largest city and surrounding areas, including Hong Kong. Guangzhou was captured by the United Kingdom, British during the First Opium War and no longer enjoyed a monopoly after the war; consequently it lost trade to other ports such as Hong Kong and Shanghai, but continued to serve as a major entrepôt. Following the Second Battle of Chuenpi in 1841, the Treaty of Nanking was signed between Robert Peel, Sir Robert Peel on behalf of Queen Victoria and Lin Zexu on behalf of Daoguang Emperor, Emperor Xuanzong and ceded British Hong Kong, Hong Kon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shamian Island
Shamian (also romanized as Shameen or Shamin, both from its Cantonese pronunciation) is a sandbank island in the Liwan, Guangzhou, Liwan District of Guangzhou, Guangdong, China. The island's name literally means "sandy surface" in Chinese. The territory was divided into two concession (territory), concessions given to France and the United Kingdom by the Qing dynasty, Qing government in the 19th century (1859–1943). The island is a gazetted historical area that serves as a tranquil reminder of the colonial European period, with quiet pedestrian avenues flanked by trees and lined by historical buildings in various states of upkeep. The island is the location of several hotels, a youth hostel, restaurants and tourist shops selling curios and souvenirs. Geography The island covers an area of 0.3 km2, 900 m from east to west, and 300 m from north to south. It is bordered in the south by the Pearl River (China), Pearl River, and it is separated from the mainland by a c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
