Question

Which of the following does not describe the transition from mercantilism to capitalism in Europe? (1 point) (1 point)
During the age of exploration, nations began to accumulate a lot of wealth from their new colonies, but they wanted to protect their wealth through mercantilist policies such as limiting trade.
Nations had less control over the economy after the Industrial Revolution and a rising middle class led to a change in the economic system,
New Enlightenment ideas about the protection of private property led to the rise of free market capitalism.
New colonies were not profitable for European nations, so a shift to capitalism was necessary.

Answer 1

"New colonies were not profitable for European nations, so a shift to capitalism was necessary."

This is incorrect — colonies were generally profitable under mercantilism; the move to capitalism arose from factors like industrialization, a growing bourgeoisie, and Enlightenment ideas, not because colonies failed to be profitable.