History of Business

The history of business tracks how people have organized and exchanged goods and services over time. It began with bartering in ancient societies, then evolved into markets and currency systems. The Industrial Revolution in the 18th and 19th centuries introduced factories and mass production, transforming economies. Later, technology and globalization reshaped business with innovations like the internet and digital commerce. Throughout history, businesses have adapted to social, political, and technological changes, shaping societies and economies, fostering specialization, competition, and collaboration. Understanding this evolution helps us see how modern commerce has developed from simple exchanges to complex global networks.