After 1450, the economic system in Western Europe experienced significant changes, primarily due to the rise of trade, exploration, and the beginnings of the early modern period. Here's how the options you provided relate to these changes:
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The economy shifted to focus on cash economies instead of barter: This statement is accurate. The late 15th century marked the beginnings of a more cash-based economy as trade expanded, especially with the advent of global exploration and the Columbian Exchange. The increased use of currency facilitated trade and commerce, leading away from the barter system prevalent in earlier medieval times.
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The economic system was based on industrialization: This statement is partially accurate but misleading given the context. While industrialization began to take root in the late 15th century, it wasn't until the late 18th century and early 19th century that it became the dominant economic system. Therefore, while some early forms of industrial activity began to develop, it was not the primary basis of the economy after 1450.
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The economy became a complete free market system: This statement is not accurate in the historical context of the time. Although there were advancements in trade practices and the emergence of market economies, many regions were still heavily regulated by monarchies and guilds, limiting the idea of a completely free market.
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The economy was based on feudalism: This statement is mostly inaccurate for the period after 1450. While feudalism was still present in some areas, especially in rural settings, it began to decline as trade increased and urbanization took hold. The rise of merchant capitalism and the growth of cities signified a shift away from feudal structures.
In conclusion, the most accurate description of the economic changes in Western Europe after 1450 is that the economy shifted to focus on cash economies instead of barter.