Business week 2

Business week 2 - Evolution of Business Presentation Sergio...

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Evolution of Business Presentation Sergio Royston
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Feudalism the system of polity flourishing in Europe from the 9th to about the 15th centuries, based upon the relation of lord to vassal with the holding of all land in fee (as of the king), and having as its principal incidents homage, service of tenants under arms and in court, ward ship, and forfeiture.
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Feudalism Cont. Aristocrats control property rights to all valuable resources, including people (Mackenney, 2004). Church is suspicious of profit Nobles disdain commerce as unworthy
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Mercantilism Mercantilism is a business. The dictionary defines mercantilism as the spirit, theory, or practice of mercantile pursuits: devotion to commercial enterprise: COMMERCIALISM
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Mercantilism Overview Positive balance of trade is encouraged Merchants and politicians begin to share common economic interests (Castaneda, 2006)
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Capitalism An economic system characterized by private or corporation ownership of capital goods
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Supply and demand freed from major
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This note was uploaded on 10/16/2009 for the course BS 65743 taught by Professor Tim during the Fall '09 term at Acadia.

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Business week 2 - Evolution of Business Presentation Sergio...

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