retail trade system

Following these examples, in 1868, he founded Zion's Cooperative Mercantile Institution, a church-sponsored retail trading system that he hoped would drive out non-Mormon merchants and be profitable enough to provide the capital needed to foster local cooperative industries.

We hope that this reading system will be as close to the market as possible, precisely in order to prevent some form of technological intervention from creating irregularities and disparities between small and large outlets, and to enable the entire retail trading system to respond to the requirements of a changing market.