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Evolution of business

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Evolution of business

  1. 1. Evolution of Business Jessica Batten Foundations Of Business/BUS 210 4/15/12
  2. 2. Overview Feudalism Mercantilism Capitalism Commerce Property Rights The Industrial Revolution
  3. 3. Feudalism One of the oldest business schemes Middle Ages 500-1500 The king had complete control
  4. 4. Mercantilism Exported one country’s goods for another country’s gold International trading locations Monarchs and Aristocrats
  5. 5. Capitalism Economy to grow exponentially Greater demand on labor Capitalists- Rockefeller and Carnegie Class systems Trade and distribution of products
  6. 6. Commerce Barter to money Money to capital Sales and purchases Supplying goods and services
  7. 7. Property Rights Land- Buildings and structures on it Labor- The right to work freely Enterprise- The products such as patents and copyrights to the product Capital- The rights to financial assets. Ex. Stocks, bonds, money
  8. 8. The Industrial Revolution Started in the late 18th century It spread to the United States during the 19th century Provided new opportunities for capital Shifted production and trade
  9. 9. Summary The Evolution of Business has a history and we still use the terms today. As the start of Feudalism it transitions from one stage to another.
  10. 10. ReferencesAxia College. (2007). The Evolution ofBusiness. Retrieved from Axia College, BUS210week 2Commerce. (n.d.). In Wikipedia. Retrieved fromhttp://en.wikipedia.org/wiki/CommerceWebster, 2002