An entrepôt (from the French "warehouse") is a trading post where merchandise can be imported and exported without paying import duties, often at a profit. French ( français,) is a Romance language spoken around the world by 118 million people as a native language and by about 180 to 260 million people A warehouse is a commercial Building for Storage of Goods. Warehouses are used by Manufacturers Importers Exporters A trading post is a place where the trading of goods takes place In Economics, an import is any good (eg a Commodity) or Service brought into one country from another country in a legitimate fashion In Economics, an export is any good or Commodity, Transported from one country to another country in a Legitimate fashion See also Taxation, Indirect Tax In Economics, a duty is a kind of Tax, often associated with Customs, a payment due to the This profit is possible because of trade conditions, for example, the reluctance of ships to travel the entire length of a long trading route, and selling to the entrepôt instead. A trade route is a logistical network identified as a series of pathways and stoppages used for the commercial transport of cargo The entrepôt then sells at a higher price to ships travelling the other segment of the route. Today, this use has mostly been supplanted by customs areas. A customs area is an area designated for storage of commercial goods that have not yet cleared Customs.
Entrepôts were especially relevant in the Middle Ages and in the early modern period, when mercantile shipping flourished between Europe and its colonial empires in the Americas and Asia. The early modern period is a term initially used by historians to refer mainly to the period roughly from 1500 to 1800 in Western Europe ( Early modern Europe) Mercantilism is the idea that a colony should export more goods than it imports and that a colony should sell at higher prices and buy at lower prices Shipping is physical process of Transporting goods and Cargo. See Colony and Colonization for examples of colonialism which do not refer to Western colonialism The Americas are the lands of the Western hemisphere or New World, consisting of the Continents of North America and South America For example, demand for spices in Europe, coupled with the long trade routes necessary for their delivery, led to a much higher market price than the original buying price. A spice is a dried Seed, Fruit, Root, Bark or vegetative substance used in Nutritionally insignificant quantities as a Food additive Market price is an economic concept with commonplace familiarity it is the price that a good or service is offered at or will fetch in the marketplace it is of interest mainly in the However, traders often did not want to travel the whole route, and thus used the entrepôts on the way to sell on their goods. However, this also led to even more attractive profits for those who bothered to travel the entire route. [1]
See also
- Customs area
- Free port
- Re-exportation
- Specific entrepôts
References
- ^ Organized Markets in Pre-industrial Europe (draft chapter of The Origins of Western Economic Success: Commerce, Finance, and Government in Pre-Industrial Europe) - Kohn, Meir, Department of Economics Dartmouth College, Hanover, 12 July 2003, Page 3, Retrieved 2007-08-19. A customs area is an area designated for storage of commercial goods that have not yet cleared Customs. A free port ( porto franco) or free zone (US Foreign-Trade Zone is a port or area with relaxed jurisdiction with respect to the country of location Re-exportation is when a member of a Customs union charges lower Tariffs to external nations to win trade and then re-exports the same product within the customs The Cape of Good Hope ( Afrikaans: Kaap die Goeie Hoop, Kaap de Goede Hoop Cabo da Boa Esperança Persian Language: دماغه امید نیک Dubai (in دبيّ,) is one of the seven emirates and most populous city of the United Arab Emirates (UAE Hong Kong ( officially the Hong Kong Special Administrative Region, is a territory located on China 's south coast on the Pearl River Delta, and borders Singapore The port town of Boma (1984 pop 197617 in Bas-Congo was the capital city of the Belgian Congo (the modern Democratic Republic of the Congo) from Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Events 43 BC - Octavian, later known as Augustus compels the Roman Senate to elect him Consul.
Dictionary
entrepôt
-noun
- A warehouse, depot.
- A commercial center, a place where merchandise is sent for additional processing and distribution.
Dapyx Software network: MP3 Explorer | Ebook Manager | Zenithic