evolution of business: meaning.. types 1) evolution of commerce. 2) evolution of industry.

1. EVOLUTION OF BUSINESS.
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2. EVOLUTION OF BUSINESS!
• Evolution is a term used to narrate the gradual
development of a particular activity, Evolution in the
business refers to the development of the business activity
at different stages from the day of its commencement till
the day of its consideration.
• This development is closely connected with the civilization
of stages of economics development of man.
• CONCEPT: It tells about the gradual development in the
business activity which is connected with the changes in
the economics development of man.
• It can be studied under 2 types.
EVOLUTION OF COMMERCE.
EVOLUTION OF INDUSTRIES.

3. EVOLUTION OF COMMERCE.
• House hold economy, in which man started hunting
animals, agriculture and domestication of animals to feed
his family.
• Barter system, due to the increase in the wants of the
family, the families they started exchanging surplus goods
and hence came barter system into existence. Exchange of
commodity to commodity.
• Money economy stage, this stage solved all the problems of
barter system as money came into existence.
• Town economy stage, the introduction of money and
specialization of labor made people settle down at fixed
place called villages or towns. They became commercial
centers.

4. • National economy, the market from town
extended to the whole country and hence
was introduced national economy. Middle
man came into existence and commerce at
this time became considerably developed.
• World market stage, large scale production
and distinguished services widened the
market to international level.

5. EVOLUTION OF INDUSTRIES
• House hold economy, it includes hunting, fishing, agriculture, etc.
• Handicraft, existence of the industry begins from this stage. In this
industrial development production was carried on by crafts man.
• Guild system stage, under this system craftsman concentrated on
their production and middle man came into existence for the
distribution of good and supplying of raw material, middle man
played a very important role in this stage and this stage played an
important role in the scale of production.
• Cottage system, these are the workshop industries, these small
scale industries came into existence because of the demand for
industrial and consumer good, payment of wages to the labor
traced through this stage

6. • Industrial revolution stage, the 2nd half of the 18th century
marked the beginning of industrial revolution there was
fundamental and remarkable changes in the scale, size and
place of production.
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