4: Human Concerns vs. Financial Goals

A Student's Guide to Essential Primary Sources

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Abstract

For centuries, human civilization has engaged in trade as a means to exchange goods and services. Throughout the globe, societies have participated in economic activity, attempting to satisfy the ongoing needs and wants of their populations. During the Industrial Age, society experienced a significant shift affecting the production of goods. New technologies and machines allowed large companies to produce more goods at greater scale, enabling them to achieve greater economic efficiency. As a result, the provision of goods shifted from small and medium-sized enterprises toward large organizations. In the years that followed, these large enterprises would earn enormous amounts of profits, allowing them to expand operations and become increasingly influential.

Author(s): Byron Ramirez, Management as a Liberal Art Foundation