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# The Cambridge History of India, Vol. I: Ancient India v1.c19.s9.317

The Cambridge History of India, Vol. I: Ancient India v1.c19.s9.317

- **Language:** English

### [v1.c19.s9.317](https://indike.org/pramana/ins.general.rapson-1922.v1.c19.s9.317)

The act of exchange between producer and consumer, or between either and a middleman, was both before and during the age when the Jātaka-book was compiled, a ‘free’ bargain, a transaction unregulated, with one notable exception, by any system of statute-fixed prices. Supply was hampered by slow transport, by individualistic production, and by primitive machinery. But it was left free for the producer and dealer to prevail by competition³, and also by adulteration⁴, and to bring about an equation with a demand which was largely compact of customary usage and relatively unaffected by the swifter fluctuations termed fashion.

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Source: [https://indike.org/pramana/ins.general.rapson-1922.v1.c19.s9.317](https://indike.org/pramana/ins.general.rapson-1922.v1.c19.s9.317) · Pramāṇa
