Life in Ancient India as Depicted in the Jain Canons, with Commentaries: An Administrative, Economic, Social and Geographical Survey c9.s5: Profits
Life in Ancient India as Depicted in the Jain Canons, with Commentaries: An Administrative, Economic, Social and Geographical Survey c9.s5
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Profits
c9.s5.1
The remuneration to the entrepreneur (organiser) who supplied the fourth factor in production, *viz* organisation, is called profits. These organisers stood between the producer and the trader, who purchased wholesale the surplus produce from the producers and sold it to the petty businessmen. Perhaps the only men who can correspond to these middle men were the rich *seṭṭhis* or the rich traders who travelled from place to place both on land and sea.²³
c9.s5.2
²³ *P B. I. p.* 224.
c9.s5.3
EXCHANGE
c9.s5.4
Exchange is a vital part in economic system. Each individual is ordinarily dependent on others for the satisfaction of his needs. What one does not produce himself must be obtained from others in exchange for what one does produce.