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The Evolution Of Business Commerce, Occupation, and Organizations - Document preview page 1

The Evolution Of Business Commerce, Occupation, and Organizations - Page 1

Document preview content for The Evolution Of Business Commerce, Occupation, and Organizations

The Evolution Of Business Commerce, Occupation, and Organizations

A historical perspective on the transformation of business, trade, and employment.

Benjamin Fisher
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12 months ago
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The Evolution Of Business Commerce, Occupation, and Organizations - Page 1 preview imageThe Evolution of Business
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The Evolution Of Business Commerce, Occupation, and Organizations - Page 2 preview image2-2The Evolution of Business: Commerce, Occupation,and Organizations•Property rights are the cornerstone of our society’seconomics system•You have the right to buy, own, and sell land andany buildings on that land-You may own the mineral rights of that land and mayown some of the air rights above the land-Recall from the previous chapter–the law of demand-as demand increases for your land, what is going tohappen to the price of this land?
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The Evolution Of Business Commerce, Occupation, and Organizations - Page 3 preview image2-3The Evolution of Business: Commerce, Occupation,and Organizations•You have the right to own financial assetssuch as stocks, bonds and money•You own your labor and the right to workfreely (for an agreeable wage)•You may own rights to a product’s patent orcopyright-Should you be allowed to download copyrightedmusic for free?-If so, what incentive is there to produce?
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The Evolution Of Business Commerce, Occupation, and Organizations - Page 4 preview image2-4The Evolution of Business: Commerce, Occupation,and Organizations•These property rights allow you to control the useof productive resources in business•Hopefully more effectively and efficiently thanyour competitors
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The Evolution Of Business Commerce, Occupation, and Organizations - Page 5 preview image2-5The Evolution of Business: Commerce, Occupation,and Organizations•Business and commerce-related activities beganthree to six thousand years ago•Consider the division of labor needed to build thepyramids in Egypt•It took leaders or rulers to plan, organize, andcontrol the tasks among people
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The Evolution Of Business Commerce, Occupation, and Organizations - Page 6 preview image2-6The Evolution of Business: Commerce, Occupation,and OrganizationsFeudalism•Land and other resources were given by a king tothe nobility•Who in turn controlled the proletariats or peasants•Who worked the land for a hut and a subsistencewage•But the absence of motivation for the peasants gaverise to tenant farmers-sharing in more of the tilland toil of the land as well as profits from it
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Business Management

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