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Mercantilism and eBay eBay operates just like a modern day flee market and in many ways eBay operates similar to the old Mercantilism style of economic system Merchants gather together to buy and sell their products but unlike the old market places these merchants now gather on-line With eBay itself being the chief merchant the owner of the village market so to speak Mercantilism allowed the market to operate but it kept the market under its control The market was not allowed to respond freely to the laws of supply and demand Colander 50 eBay does exactly that They control the market eBay is the head merchant the owner of the market and the king of Internet Market Overview of eBay eBay is the online marketplace for the sale of goods and services by a diverse community of individuals and businesses This marketplace was founded in September 1995 Today the eBay community includes 497 million registered users and is the most popular shopping site on the Internet when measured by total user minutes according to Media Matrix In 2000 the eBay community transacted more than 5 billion in annualized gross merchandise sales On any given day there are millions of items listed on eBay across thousands of categories People come to eBay to buy and sell all kinds of practical unique and interesting items such as automobiles jewelry musical instruments cameras computers furniture sporting goods tickets to name a few eBay eBays mission is to help almost anyone trade practically anything on Earth eBay enables trade on a global basis It features a variety of international sites specialty sites categories and services that aim to provide users with the necessary tools for efficient online trading in an auction style and fixed price format The eBay community profits from an environment combining traditional auction-style and fixed-price trading on their Halfcom e-commerce site Halfcom provides an organized online marketplace to buy and sell high quality previously
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