Bazaars

Organization and institutions

Bazaars or souks are traditionally divided into specialized sections dealing in specific types of product, each usually housed in a few narrow streets and named after the product it specializes in such as the gold souk, the textile souk, the spice souk, the leather souk, the booksellers' souk, etc. This promotes competition among sellers and helps buyers easily compare prices. Merchants specialized in each trade were also organized into guilds, which provided support to merchants but also to clients. The exact details of the organizations varied from region to region. Each guild had rules that members were expected to follow, but they were loose enough to allow for competition. Guilds also fulfilled some functions similar to trade unions and were able to negotiate with the government on behalf of merchants or represent their interests when needed.