class-11th (chapter -:1)
business studies
evolution and fundamentals
business (business trade and commerce)
history of trade and commerce -:
Indian subcontinent enjoyed the fruits of favourable balance of trade where ex
exceeds import with large margins and indigenous banking system benefited th
and merchants with the additional capital funds of expansion and developmen
:) commercial industries banks later evolved to finance trade and commerce a
agriculture banks to provide both short and long term loans
:) the Indian subcontinent was popularly called "Swarna Bhumi" and "swaran de
the writing of many traveller such as megasthenes, fasetian, FrenchMan Francc
,role of business in the developme
of an economy -:
1). the people were engaged in various economic activities such as agriculture a
domestication of animal, weaving cotton, dying fabric, making clay pots and ut
and handicrafts, sculpting, cottage industries, etc.
2). family based on workshops for for manufacturing work important compone
economic life. this money was channelised into further led to dominate growth
indigenous banking system to finance the trade activities
# indigenous banking system -:
:) metals came to used as money as the economic life of the people progress a
are durable and divisible
:) as money served as a medium of exchange the introduction of metallic mon
use accelerated economic activity
:) documents such as Hindi and Chitti were in use of carrying out transaction in
money passed from hand to hand.
, :) indigenous banking system played a prominent role in leading mo
and financing domestic and foreign trade with currency and letter
#). Hundi-:
:) hundi warranty the payment of money. it indicate and unconditional prom
:) could be transferred through valid negotiation
:) with development of banking people begin to deposit previous metal with
:) money became an instrument for supplying the manufacture with the mea
producing more goods
:) agriculture and domestication of animals were main part of the economic l
ancient people
:) also weaving cotton, dying fabrics, making clay pots utensils, and handicra
in generating surplus and saving for the further investment
#). rise of intermidiaries -:
:) intermidiaries provided considerable financial security to the manufacturer
assuming responsibility for the risk involved especially in the foreign trade
TBC TO BE CONTINUED
business studies
evolution and fundamentals
business (business trade and commerce)
history of trade and commerce -:
Indian subcontinent enjoyed the fruits of favourable balance of trade where ex
exceeds import with large margins and indigenous banking system benefited th
and merchants with the additional capital funds of expansion and developmen
:) commercial industries banks later evolved to finance trade and commerce a
agriculture banks to provide both short and long term loans
:) the Indian subcontinent was popularly called "Swarna Bhumi" and "swaran de
the writing of many traveller such as megasthenes, fasetian, FrenchMan Francc
,role of business in the developme
of an economy -:
1). the people were engaged in various economic activities such as agriculture a
domestication of animal, weaving cotton, dying fabric, making clay pots and ut
and handicrafts, sculpting, cottage industries, etc.
2). family based on workshops for for manufacturing work important compone
economic life. this money was channelised into further led to dominate growth
indigenous banking system to finance the trade activities
# indigenous banking system -:
:) metals came to used as money as the economic life of the people progress a
are durable and divisible
:) as money served as a medium of exchange the introduction of metallic mon
use accelerated economic activity
:) documents such as Hindi and Chitti were in use of carrying out transaction in
money passed from hand to hand.
, :) indigenous banking system played a prominent role in leading mo
and financing domestic and foreign trade with currency and letter
#). Hundi-:
:) hundi warranty the payment of money. it indicate and unconditional prom
:) could be transferred through valid negotiation
:) with development of banking people begin to deposit previous metal with
:) money became an instrument for supplying the manufacture with the mea
producing more goods
:) agriculture and domestication of animals were main part of the economic l
ancient people
:) also weaving cotton, dying fabrics, making clay pots utensils, and handicra
in generating surplus and saving for the further investment
#). rise of intermidiaries -:
:) intermidiaries provided considerable financial security to the manufacturer
assuming responsibility for the risk involved especially in the foreign trade
TBC TO BE CONTINUED
