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LIFE IN ANCIENT INDIA
purchased two palis of oil from a grocer on credit. The heavy interest meant doubling the debt every day and in course of time, when the woman could not clear it off, she had to serve him as a slave-girl.1
The term which appears in the Jain texts is vaddhi, meaning profit or interest. Gähävai Ananda of Vāniyagāma is said to have kept four crores of gold for lending on interest."
PROFITS The remuneration to the entrepreneur (organiser) who supplied the fourth factor in production, viz organisation, is called profits. These 'organisers stood between the producer and the trader, who purchased wholesale the surplus produce from the producers and sold it to the petty businessmen. Perhaps the only men who can correspond to these middle men were the rich setthis or the rich traders who travelled from place to place both on land and sea.98
31 Supra, p 107 f. 38 Ura 1. p. 6, 29 PB. I. p. 224.
