Business is the activities that are done to generate wealth for the individual as well as the mass. It is the basis of the economy of any country. There are various kinds of businesses that are carried out throughout the world. Some of them are very ancient while others are comparatively new. Some of the ancient businesses include agricultural business, mining business etc. These businesses have been there for a long time. Some of the latest industries include IT industry, automobile industry etc. These industries are still developing.
Business started back in the ancient times. The story of ancient business is very interesting. The origin of business is traced to Middle East. One of the most important times for the development of business was the Iron Age. Iron was the most important invention as far as the development of business was concerned. However, the effect of business activities was marginal in those times. With the advancement of time, the nature of business changed and its importance grew. In the middle ages, the importance of business grew a lot. Merchants travelled from one place to another for spreading their business. One of the best examples of this is the East India Company. Business was starting to take its global face. Then the ultimate thing happened to business that changed it forever. The Industrial Revolution took place in England, which introduced machinery in the manufacturing process. This changed the methods of business altogether and laid the foundation of the modern business world.
Modern business became developed after the Industrial Revolution. The Industrial Revolution brought in many new techniques and machineries, which accelerated the manufacturing process. Some of the major technological developments of this era included the Textiles, Iron making and Steam Power. Subsequently came the era of brands and big companies. These organizations played the key role in the advancement of the world of business. They made the economies go forward, and they were so important that a single company could have been responsible for the economy of an entire country. There were various kinds of companies who worked in various sectors. However, one of the most important things was that the different companies were interdependent. Thus, nobody could declare to be supreme over another and this maintained balance and good working environment.
Business is one of the most important aspects of the human existence. It is the process by which human beings are able to earn wealth and lead a proper life. It is also important for the national economy as it keeps it in a good state. Economy is the basis of a country. Without the economy in the right place, the country will go into anarchy and social disorder. This has been evident with the condition in contemporary Europe, with the EU Crisis being one of the most serious problems out there. Thus, it is quite clear that for the overall benefit of the country and its people, business should go ahead all the time.
Description-This is an article about business. It mentions about the evolution of business.
Author’s Bio: Myke Thomas is a proficient author who writes quality articles on topics such as Procurement Consultants. He is a vastly experienced author who has been penning thoroughly informative articles for decades. His articles have been very helpful for the readers.