Types of merchant
There are two types of merchant.
- A wholesale merchant operates in the chain between producer and retail merchant, typically dealing in large quantities of goods. Some wholesale merchants only organize the movement of goods rather than move the goods themselves.
- A retail merchant or retailer, sells commodities to consumers (including businesses), usually in small quantities. A shop owner is a retail merchant.
|This section requires expansion. (June 2013)|
A merchant class characterizes many pre-modern societies. Its status can range from high (the members even eventually achieving titles such as that of Merchant Prince or Nabob) to low, as in Chinese culture, owing to the presumed distastefulness of profiting from "mere" trade rather than from labor or the labor of others as in agriculture and craftsmanship. Mediaeval attitudes toward merchants in the West were strongly influenced by criticism of their activities by the Christian church, which closely associated their activities with the sin of usury.
From around 1300 to the 1800s a large number of European Chartered and Merchant Companies were established to exploit international trading opportunities, for instance the Company of Merchant Adventurers of London, Chartered in 1407.
Merchants have been a common subject in art.
Portrait of the Merchant Georg Gisze by Hans Holbein the Younger, 1532.
Sir Thomas Gresham by Anthonis Mor, c. 1560.
Governors of the Wine Merchant's Guild by Ferdinand Bol, c. 1680.
|Holbein's The Merchant Georg Gisze at Smarthistory.|
Many buildings in architecture have taken their names from their former use as the home or place of business of merchants:
- Free market
- Free trade
- Merchant marine
- Merchant account
References and sources
- mer‧chant, Longman Dictionary of Contemporary English, 2013. Retrieved 3 June 2013.
- Medieval Merchant Culture. Decameron Web, Brown University, 1 March 2010. Retrieved 28 April 2013. Archived here.
- "Merchant Adventurers" in Encyclopædia Britannica, Online Library Edition, 2013. Retrieved 22 July 2013.
- Thrupp, Sylvia L. (1989). The Merchant Class of Medieval London, 1300-1500. University of Michigan Press. ISBN 0-472-06072-4.
|Look up merchant in Wiktionary, the free dictionary.|
|Wikimedia Commons has media related to Merchants.|
- Joanna Woodall lecturing on Trading Identities, the image of the merchant at Gresham College.