Evolution of Business - Evolution of Business BUS to edit...

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Click to edit Master subtitle style 9/28/10 Evolution of Business BUS 210
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9/28/10 Introduction In this presentation I will discuss the Evolution of Business. I will go into detail about each of the following: Feudalism Mercantilism Capitalism Commerce Property rights The Industrial Revolution
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9/28/10 Feudalism The business or economic system in which one class of people control the property rights to all valuable resources, including people. Feudalism is a method of government Securing forces to preserve the method Fragmentation of political power Public power in private hands Armed forces secured through private contracts
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9/28/10 Mercantilism Mercantilism is the business system in which products are traded across markets and countries until they are put to their most highly valued use. Merchants purchased products in markets that were plentiful. Then transported them to a different market and sold them
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