A merchant is a businessperson who trades in commodities that were produced by others, in order to earn a profit.
Merchants can be one of two types:
- A wholesale merchant operates in the chain between producer and retail merchant. 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). A shop owner is a retail merchant.
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.
Read more about Merchant: Significance in Law
Other articles related to "merchant, merchants":
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... However, dealing between merchants, an offer can be made 'firm' or irrevocable for a certain period of time ... In order for a merchant to create a 'firm offer' it must satisfy the Statute of Frauds ... When dealing between merchants, the Statute of Frauds will be satisfied so long as it satisfies an authentication under the UCC Section 2-205 (a signature/mark will do) ...
... Merchant's other credits include Margo Durrell in the 2005 BBC television film My Family and Other Animals ... It was announced on 20 August 2009 that Merchant would star as Daenerys Targaryen in the HBO series Game of Thrones, based on George R ... On 29 April 2010, it was announced that Merchant was no longer part of the series, being replaced in her role as Daenerys by Emilia Clarke ...
... The threat of forced reversal of funds provides merchants with an incentive to provide quality products, helpful customer service, and timely refunds as appropriate ... system for adjudicating transaction disputes between cardholders and merchants, primarily where the issues can be resolved based on documentary evidence incident to the transaction ... the card issuer generates a second (or "arbitration") chargeback against the merchant, after receiving the merchant's response to the initial chargeback ...
Famous quotes containing the word merchant:
“People run away from the name subsidy. It is a subsidy. I am not afraid to call it so. It is paid for the purpose of giving a merchant marine to the whole country so that the trade of the whole country will be benefitted thereby, and the men running the ships will of course make a reasonable profit.... Unless we have a merchant marine, our navy if called upon for offensive or defensive work is going to be most defective.”
—William Howard Taft (18571930)
“O dark dark dark. They all go into the dark,
The vacant interstellar spaces, the vacant into the vacant,
The captains, merchant bankers, eminent men of letters,
The generous patrons of art, the statesmen and the rulers,
Distinguished civil servants, chairmen of many committees,
Industrial lords and petty contractors, all go into the dark....”
—T.S. (Thomas Stearns)
“Bid her paint till day of doom,
To this favour she must come.
Bid the merchant gather wealth,
The usurer exact by stealth,
The proud man beat it from his thought,
Yet to this shape all must be brought.”
—Francis Beaumont (1584-1616)