When profits are pursued by geographic interchange of goods, so that commerce for profit becomes the central mechanism of the system, we usually call… - Carroll Quigley

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When profits are pursued by geographic interchange of goods, so that commerce for profit becomes the central mechanism of the system, we usually call it "commercial capitalism." In such a system goods are conveyed from ares where they are more common (and therefore cheaper) to areas where they are less common (and therefore less cheap). This process leads to regional specialization and to division of labor, both in agricultural production and in handicrafts.

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About Carroll Quigley

Carroll Quigley (9 November 1910 – 3 January 1977) was a noted American historian, polymath, and theorist of the evolution of civilizations, best known for his books The Evolution of Civilizations (1961) and Tragedy and Hope: A History of the World in Our Time (1966). He was noted for his teaching work as a professor at Georgetown University, for his academic publications, and for his research on secret societies.

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