EVOLUTION OF BUSINESS
By Jennifer Scriver
• PROPERY RIGHTS
• THE INDUSTRIAL REVOLUTION
Feudalism-a system in which one class of
persons control the property rights to any or all resources
Examples of feudalism will be: bankers,
business elite, chosen officials, and
• Mercantilism is a system in which
items are traded until they are
invested or perhaps consumed by their highest
Examples of Mercantilism:
• Trading centers
Capitalism is an economic system when the means of
production and circulation are for yourself owned and operated pertaining to profit; decisions regarding source, demand, cost,
distribution, and investments are certainly not made by the
government; Revenue is distributed to owners who buy
businesses, and wages are paid to workers employed by
Examples of Business:
Buying stocks on the stock exchange
Selling good at a store
Going for olive oil
Purchasing foodstuff at a restaurant
Trade is the
fundamental action that
takes place in every
money and trade. It is
the basic element of the
business and financial
RightsLaws created by simply governments when it comes to how
individuals can control, benefit from and transfer
Industrial wave is defined as the changes
in manufacturing and transportation that
began with fewer points being made manually ,
but instead made employing machines in largerscale production facilities.
• Steam powered farm products
• Better methods of growing and harvesting crops
Business offers continued to evolve above
the years via feudalism all the way to
capitalism. In the ever changing
industry, change has allowed for
continuing profitability and productivity.
Jones, G. R. (2007). Introduction to Business:
How Companies Create Benefit for People.
Gathered from School of Phoenix az.
References: Jones, G. 3rd there�s r. (2007). Introduction to Business:
Just how Companies Create Value for People.
Retrieved by University of Phoenix.