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markets
A Dictionary of British History
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2004
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© A Dictionary of British History 2004, originally published by Oxford University Press 2004. (Hide copyright information)
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markets . During the Middle Ages lords of manors established markets at the centre of settlements on their estates or at crossing points on major routes. Until the industrial revolution and the development of permanent shops, markets were the usual way of trading in everyday goods; exceptional items were bought at fairs or in very large towns. Manorial lords levied a rent on each stall‐holder in exchange for the right to trade on a particular day of the week. Markets usually served the population within about 10 or 12 miles, which was as far as a laden horse‐drawn cart could journey in a day, whilst allowing time to trade. However, some markets became famous for the sales of special produce, drawing merchants from further afield.
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 "Albany Times Union (Albany, NY)")
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Encyclopedia entry from: Gale Encyclopedia of E-Commerce
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Encyclopedia entry from: Encyclopedia of Management
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Encyclopedia entry from: Encyclopedia of Management
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