BUS 100 Lecture Notes - Nick Leeson, List Of Indian Spices, Mercantilism
Document Summary
Outline of james fulcher"s what is capitalism? , in fulcher, capitalism: a. Fulcher defines capitalism as the investment of money or resources by individuals or business entities in the expectation of making a profit and examines three types of capitalism that have emerged over the past four centuries. East india company used as the example, with the first company voyage in 1601. Traded internationally and manipulated the market, which made it difficult for competitors to enter the market. They send ships to the east indies to trade gold for spices, and as the market became larger in demand, diversity of spices were in need. Highly unstable trade in indian spices with voyages either ending in disaster or returning with a fortune in cargo. You were at risk of being killed, also you would face the dangers of the weather which made it a risky voyage company since it wasn"t 100% success rate.