When profits are pursued by geographic interchange of goods, so that commerce for profit becomes the central mechanism of the system, we usually call it "commercial capitalism." In such a system goods are conveyed from ares where they are more common (and therefore cheaper) to areas where they are less common (and therefore less cheap). This process leads to regional specialization and to division of labor, both in agricultural production and in handicrafts.


Chapter 8, Canaanite and Minooan Civilizations, p. 241 - The Evolution of Civilizations (1961) (Second Edition 1979)


When profits are pursued by geographic interchange of goods, so that commerce for profit becomes the central mechanism of the system, we usually call ...

When profits are pursued by geographic interchange of goods, so that commerce for profit becomes the central mechanism of the system, we usually call ...

When profits are pursued by geographic interchange of goods, so that commerce for profit becomes the central mechanism of the system, we usually call ...

When profits are pursued by geographic interchange of goods, so that commerce for profit becomes the central mechanism of the system, we usually call ...