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Evolution of Business Organisation
Evolution of Business Organisation
Organization.
Stages in the evolution of business.
The village is a self-sufficient communal unit. Here, people usually live in harmony
with each other and their environment by forming different cooperative social groups.
The village economy is mainly supported and fueled by various agricultural activities.
Here, people satisfy each other’s requirement by trading among themselves, their
basic goods and services. However, in some special cases, even gold, silver, and
copper are used for trading.
When villagers started doing their businesses at a village level, it helped to form the
world’s first markets.
In these small markets, the villagers exchanged or sold their surplus goods.
This overall helps to transcend the economy from a barter stage to become a village
economy.
3.Town Economy Stage:-