The Commercial Revolution can be best described as:
1) A period of economic expansion and trade growth that occurred in Europe between the 15th and 18th centuries.
2) The emergence of a global market and the integration of economies through international trade.
3) The development of capitalism and the rise of merchant class and banking systems.
4) The exploration and colonization of the New World, leading to the exchange of goods and resources between continents.
5) The shift from a primarily agrarian society to a more urbanized and commercialized one.
6) The introduction of new business practices, financial innovations, and the use of joint stock companies.
7) The increasing role of middlemen and intermediaries in trade transactions.
8) The rise of mercantilism and the establishment of government regulations and trade policies to enhance national wealth and power.
Which of the following best describe the Commercial Revolution?
1 answer