THE EVOLUTION OF BUSINESS

Presented by Bobby DanBUS/210 Rafael Calderon

Synopsis

Feudalism Mercantilism Capitalism Commerce Property Rights The Industrial Revolution

Feudalism, Mercantilism, & Capitalism

Feudalism Business or economic system that one class of people

(aristocrats) possess property and the rights to the valuable resources (including people).

Mercantilism Business or economic system that merchants and

bankers organize the trade of products between markets and countries. Putting the products to their most use.

Capitalism Business or economic system where capitalist or

industrialist privately own the capital of industrial production and use it to produce, trade, and distribute products.

Feudalism

Business or economic system that one class of people (aristocrats) possess property and the rights to the valuable resources (including people).

A business system based on the control of property rights to land and labor.

To make their estates more profitable, landowners assign the best workers to take control of their production on the estates they run.

Mercantilism

Business or economic system that merchants and bankers organize the trade of products between markets and countries. Putting the products to their most use.

The see the opportunity to profit from the difference in prices when trading commodities between markets.

The merchants and bankers notice a difference between the value and price of the commodity.

Capitalism

Business or economic system where capitalist or industrialist privately own the capital of industrial production and use it to produce, trade, and distribute products.

People who are capitalist own and/or control the actual capital of industrial production like machinery, factories, the raw materials, and technologies.

Capitalism created friction between the capitalist and the worker.

Commerce

Moving from Barter to money

Money to capital Supplying goods and

services Business as commerce,

occupation, and organization evolved to allow land, labor, capital, and enterprise to be used more effectively.

Property Rights

The right of people to own, use, or sell the valuable resources.

Land Building and structures

Capital Financial assets

Stocks Bonds Money

Enterprise Products

Patents Copyrights

Labor Owning your own labor, the

right to work freely

The Industrial Revolution

An era in the eighteenth and nineteenth centuries that marked improved production and trade brought about by advances in technology. Late eighteenth and early

nineteenth centuries Innovation

The development of new and improved products and new and improved methods to create them.

3

Class system example in Capitalism

Conclusions

The changing forms of business organization shows us the history and that it continues to move forward and evolve.

This evolution charts the way that business as commerce, occupation, and organization has evolved to allow land, labor, capital, and enterprise to be used in the most productive and profitable ways.

References http://

upload.wikimedia.org/wikipedia/commons/thumb/c/ce/Weber's_model_of_capitalist_development.svg/300px-Weber's_model_of_capitalist_development.svg.png http://globalimperialism.wikispaces.com/file/view/lesson09.gif/114841709/lesson09.gif http://themiddleages.tripod.com/images/fstm.jpg http://www.advancedresearchconsultants.com/pyramid.jpg http://www.mastercard.com/ca/images/merchant/HeartofCommerce.jpg http://www.knowledgebank.irri.org/smta/images/stories/Module%201/diagram%201e.jpg http://sph.bu.edu/otlt/lamorte/EP713/Web_Pages/EP713_History/IndustrialRevolution.png

University of Phoenix The Evolution of Business (2007) Ch. 2, Pgs. 35-58

Thank You!