He owned many ships, and traded with great profit to himself abroad, because he could promise, as a king, advantages to foreign buyers and sellers with which no mere merchant could compete.
balk at the prices demanded by sellers.
sellers ' packs become compulsory.
This is made possible by technology and the Internet, which is used to connect buyers and sellers worldwide and bring information (world commodity prices) to the far reaches of the globe.
There are not many cotton mills or weaving sheds in Manchester, which is, however, the great distributive centre, and its Exchange is the meeting-place of most classes of buyers and sellers in the cotton trade and various trades allied to it.