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One class of people posses property rights. Political organization Social organization

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Thru 16th, 17th and 18th century Metals – Gold Money = wealth Industrial revolution

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Allows people to own resources Production Trade Distribute Negative Divided into classes

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Trade Barter Exchange Increase utility or satisfaction

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Is a claim Own, use and sell Land Labor Resources

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Late 18th century Technology Steam engine Affects on farming

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The Columbia Encyclopedia 6th edition (2008). Feudalism. http://www.encyclopedia.com/doc/1E1-feudalis.html Mercantilism Imports and Exports. http://score.rims.k12.ca.us/score_lessons/market_to_market/pages/mercantilis m_imports_and_e.htm Stubleupon (2008). Capitalism. http://rbairos.stumbleupon.com/ NOAA, U.S Department of Commerce (2008). Space based positioning navagation and timing. http://pnt.gov/membership/doc.shtml Wikipedia (2008) Property Rights. http://en.wikipedia.org/wiki/Property_rights Industrial revolution clipart (2007). http://classroomclipart.com/cgibin/kids/imageFolio.cgi?direct=History/Industrial_Revolution&img=18 The Mcgraw-Hill Companies. (2007) The Evolution of Business . Introduction To Business : How Companies Create Value for People.

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