BANKING TRADE AND COMMERCE

CHANGE IN PATTERN AND ORGANISATION of trade

Since the publication of old Satara Gazetteer, the pattern and organisation of regional trade have changed considerably. Joint-stock companies and co-operative organisations have replaced the petty traders of the past. The development in the means of transport and communications and changes in the financial, social and institutional framework have brought about a revolution in the trade routes and volume and composition of trade. Consequently, trade has lost its local character and has become interregional.

The producer today dominates the market and not the middleman. Regulation and control of trade practices by the Government have put trade and commerce on a sound footing by bringing the consumer and producer face to face with each other.

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