Economics, Econometrics and Finance
8 years ago

Ming and Qing Dynasty Merchants Revolutionize Trading Systems for Economic Growth.

Journal of Shanxi University
A Comparative Study of Shanxi Merchants and Shaanxi Merchants in Ming and Qing Dynasties
Zhifang Li

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The article compares Shanxi Merchants and Shaanxi Merchants in the Ming and Qing Dynasties. Shanxi Merchants used a pay-system to boost morale and ownership, while Shaanxi Merchants used partnership and shareholding systems. Both methods were effective in their own ways. The study aims to understand why these two groups developed differently by analyzing their operation mechanisms.