Exchange and Trade

Money is used in practically all market transactions, the only form of barter still practised to some extent being the direct exchange of various commodities. An exchange of goods on an economic basis and from essentially economic motives appears to have been practised to some extent in pre-European days. The chief commodities exchanged on an economic basis were objects of craftsmanship, such as were manufactured by the various specialists. This chapter examines different kinds of trade, beginning with an account of the modern market as an institution that has developed directly from the traditional pattern. The effect of a variety of developments, including improved methods of agricultural production, the introduction of money and the creation of transport facilities, has been a considerable increase in the local traffic in goods as well as a steadily growing trade with the outer world. Intertribal markets seem to have developed only after the establishment of British administration in the District.

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