INTB 2200 Lecture Notes - Goshala

• School: University of Manitoba
• Department: International Business
• Course: INTB 2200
• Professor: Luming Wang

Document Summary

In the course of transacting sale, or a purchase a number of operations involved which cannot be attended to by sellers or the buyers. These necessarily have to be done by the respective functionaries. In order to pay these functionaries, market charges are collected from growers or buyers at prescribed rates. These charges have no sanctions except usage or customs prevailing. They are always introduced in favor of the traders and the functionaries. On a sale of produce worth rs. 100, as much as 21. 5% of the income of the producer goes to meet the various expenses: In the market the cultivator has to arrange with a kachcha arhatiya for the sale of his produce and in the larger markets he has to employ a broker or dalal to get into contact with the kachcha arhatiya. For their services he has to pay some commission.