European Economics after Crusades

More like this

Industry Location Factors

by Paddy Penton

mindmap

by Devanney Dean

mindmap

by Devanney Dean

Chapter 3 National Income

by Remek Debski

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