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Lecture

Tutorial1 Fulcher Article Study Questions

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Department
Management
Course
MGMT 1030
Professor
Michael Stevenson
Semester
Fall

Description
Study Questions for Fulchers What is CapitalismFulcher defines capitalism as the investment of money or reserouces by individuals or business entities in the expectation of making profit1What is the overall theme of this article and what is the definition of capitalismThe evolution of capitalism since 16002What was the East India Company and how did it operateOfficial trading company for the state in the East IndiesMonopoly within one countryFunded by rich merchantsUse gold trade precious goods with foreigners and bring them back for resell at a high profit margin3Was merchant capitalism governed by principles of the free marketNO No domestic competition Manipulated marketsLittle impact on people4What were the industrial c
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