GEO - Geography GEO 3303 Lecture Notes - Lecture 3: Mercantilism, Kondratiev Wave, Oligopoly
23 Feb 2017
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>northern italian city - states of venice, genoa, pisa, and florence and their trade with the. Through the trade connections to the middle east , who in turn had trade connections into asia along the silk road . >commodities and markets; state protection of markets(no true free markets) Feudalism had no distinction between private and public property. The feudal market place was very small due to a small amount of consumers. Only goods that can command a price and generate profit. Food, clothing, shelter, transportation, etc. all things that are suddenly commodities. In the feudal system food was not sold but in capitalism it is. The nature of markets vary: competitive market places(a buyer market, has a lot of producers); oligopoly (a few large producers dominating the market place, very seller friendly, the producers can manipulate the price as desired. )
