Which statement best explains the development of free enterprise capitalism?

Question

a. Capitalism developed quickly because of the Renaissance
b. Capitalism developed over time in response to changes in European society
c. Capitalism was only developed because of the Industrial Revolution
d. Capitalism was rejected by Enlightenment thinkers, slowing its development

Answer 1

The statement that best explains the development of free enterprise capitalism is:

b. Capitalism developed over time in response to changes in European society.

This option acknowledges the gradual evolution of capitalism influenced by various social, economic, and political changes throughout European history, rather than attributing it to a single event or era.