History 1803E Lecture Notes - Webct

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Document Summary

Idea of the market"s supply and demand were guided by invisible forces; self functioning. How businesses succeed and how changes take place. Focus of this class is to approach the idea of business and deconstruct what a business is, why and how they work that way. Universities have business schools because : place to nourish humanity, business schools started out in the 19th century, emerged as a part of a larger institution. Rise of the state = rise of regulation regulating the market place, unjust in the free market. We, as a society, have decided to elevate the market and separate it from society; however, it is an extension of mankind. How the free market and business have emerged and prospered. Businesses crave stability, predictability, and order: wants stability that comes with the government that is regulating them, regulations do not apply to everyone, i. e. , the developing world.

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