European Economics after Crusades

Mere som dette

Section 3: Market Failures and Externalities

af Brian Cox

Business Mind Map

af Ali Sheryar

Economics system

af Igor Glender

Lemonade Stand and Factors of Production

af Savva Vorotynskiy

European Economics after Crusades

Investing

Investors would split profits from a business they supported financially

market economy

Land, labor, and capital are controlled by individuals

Capital

wealth that people earned, saved, and profitted to make their own money

Banking

allowed people to transport and store money without hassle

Manufacturing

buy a new product, change or manufacture it differently and sell it for a higer price

Domestic system

the process of working from hom eon specific jobs for a profit