General Commerce

General Commerce

Free trade, a principle of political economy which leads to the suppression or the reduction of customs, tax or other obstacles, which prevent the freedom of trade between countries or between the provinces of the same country. I firmly believe that, if this minister [Colbert] had lived today, he would have been the first to press the freedom of commerce. [Voltaire, Correspondence] In terms of jurisprudence, it is said that a thing is not in commerce, when it is inalienable of its nature or by the provision of the law. Future things, dowry goods are not in commerce. In the special language of political economy, commerce is the industry that puts the product within the reach of the consumer. Agriculture, manufacturing, trade are the three branches of general production. All believed that trade consisted essentially of exchange, while it consisted essentially of placing a product within the reach of consumers.