Mongols Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/history/1649644-mongols
Mongols Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/history/1649644-mongols.
Commodities are sometimes moved from far distances such as from one nation to another or from one country to another. For goods to fetch better prices in case there is a low demand for the product, traders usually venture into some organizations that would help them make a sale. First, traders usually form cartels that will enable them to create a monopolistic nature of the market (Rashdall, 1895, p. 150). This action will enable them to be the only stakeholders in the market and any buyer can only get the commodity from them. Secondly, traders in the cartel group can easily get the support of the government when they want to remain relevant in the market, they do use the influence of the government so that they can get protection since they are able to show good skills and professionalism. Professionalism arises from apprentices where fellows are taught the skills through learning. Skills mainly consist of curving products from precious metals such as gold.
In this venture, having a religious backup was previously considered to be very important as most of the countries were governed by laws relating to particular religious groups. Religion still remains important today especially if the commodities are consumed by the state that holds a strong religious belief such as the Arab world, Latin America, and the Asians who majority lag behind a particular religion (Richardson, 2001, p. 213). This may not be the case in other countries that do not value religion as they allow freedom of worship. Having support from the religious group means success in your business.
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