Through a "corporatist" system, capital, organized labor and government cooperation, leads to a greater representation of labor and society in corporate governance. ... PART 2: Business systems represent an interlinked set of institutional arrangements that organize labor, capital, products, and other markets. ... The Mercantilism period encouraged businesses to serve state interests, cultivating an individualist approach. ... Industrial Period changed business practices, separating themselves from government and society (non-market).Taking advantage of high-volume mass production techn...

• Word Count: 840
• Approx Pages: 3
• Grade Level: Undergraduate