MGMT 1030 Lecture Notes - Merchant Capitalism, Wage Labour, Industrial Revolution

• School: York University
• Department: Management
• Course: MGMT 1030
• Professor: Andrew Thomson

Document Summary

Study questions for fulcher"s what is capitalism? sept. 8. I think the overall theme comes to the overall growth of capitalism over the years and how vital it is to the economy. Emphasizes importance of capitalism in all era"s and how growth of society is interconnected with it. Merchant capitalism led to basic need to earn a profit and thought of investments. Capitalistc production, grw on that by allowing society to benefit as well. With industrial revolution, lead to the importance of wage and in turn created a whole leisure market for society to prosper. Finally, now due to the need for markets in order to buy and sell good, financial markets allow investors to control risk and loss through speculation. All in all, theme is how capitalism is key factor in the growth of society. Capitalism: system of investing money in order to earn a profit, risk association (risk/reward),