EntrepÃ´t

	Email		Print
	Bookmark		Link

EntrepÃ´t

An entrepôt (from the French

French language

French is a Romance language spoken around the world by around 80 million people as first language, by 190 million as second language, and by about another 200 million people as an acquired tongue, with significant speakers in 54 countries....
"warehouse

Warehouse

A warehouse is a commercial building for storage of goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc....
") is a trading post

Trading post

A trading post is a place where the Trade of product takes place. The preferred travel route to a trading post, or between trading posts, is known as a trade route....
where merchandise can be imported and export

Export

Export goods or services are provided to foreign consumers by domestic Production theory basics. It is a good that is sent to another country for sale....
ed without paying import duties

Duty (economics)

In economics, a duty is a kind of tax, often associated with customs, a payment due to the revenue of a state, levied by force of law. It is a tax on certain items purchased abroad....
, often at a profit. 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. The entrepôt then sells at a higher price to ships travelling the other segment of the route.

Discussion

Ask a question about 'EntrepÃ´t'

Start a new discussion about 'EntrepÃ´t'

Answer questions from other users

Full Discussion Forum

Encyclopedia

An entrepôt (from the French

French language

Warehouse

A warehouse is a commercial building for storage of goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc....
") is a trading post

Trading post

Export

Export goods or services are provided to foreign consumers by domestic Production theory basics. It is a good that is sent to another country for sale....
ed without paying import duties

Duty (economics)

Customs area

A customs area is an area designated for storage of commercial goods that have not yet cleared customs. It is surrounded by a customs border....
s.

Entrepôts were especially relevant in the Middle Ages

Middle Ages

File:Karl 1 mit papst gelasius gregor1 sacramentar v karl d kahlen.jpgThe Middle Ages of European history are a period in history which lasted for roughly a millennium, commonly dated from the fall of the Roman Empire in the 5th century to the beginning of the Early Modern Period in the 16th century, marked by the division of Western Christi...
and in the early modern period

Early modern period

The early modern period is a term used by historians to refer to the period roughly between 1500 to 1800 in Western Europe . It follows the Late Middle Ages period, and is marked by the first European colony, the rise of strong centralized governments, and the beginnings of recognizable nation states that are the direct antecedents of today'...
, when mercantile

Mercantilism

Mercantilism is an economic theory that holds that the prosperity of a nation is dependent upon its supply of Capital , and that the world economy of international trade is "unchangeable"....
shipping

Shipping

Shipping is physical process of transporting product and cargo. Virtually every product ever made, bought, or sold has been affected by shipping....
flourished between Europe

Europe

Europe is, conventionally, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally divided from Asia to its east by the water divide of the Ural Mountains, the Ural , the Caspian Sea, and by the Caucasus Mountains to the southeast....
and its colonial empires

Colonialism

Colonialism is the extension of a nation's sovereignty over Territory beyond its borders by the establishment of either settler or exploitation colony in which Indigenous people populations are direct rule, Population transfers, or Genocide....
in the Americas

Americas

The Americas are the region of the Western hemisphere that consists of the continents of North America and South America with their associated islands and regions....
and Asia

Asia

Asia is the world's largest and most populous continent. It covers 8.6% of the Earth's total surface area and, with over 4 billion people, it contains more than 60% of the world's current human population....
. For example, demand for spice

Spice

A spice is a dried seed, fruit, root, bark, leaf, or vegetable used in nutritionally insignificant quantities as a food additive for the purpose of flavor, color, or as a preservative that kills harmful bacteria or prevents their growth....
s in Europe, coupled with the long trade routes necessary for their delivery, led to a much higher market price

Market price

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....
than the original buying price. 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 persevered to travel the entire route.

EntrepÃ´t

See also