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Question
which development during the commercial revolution laid the foundation for capitalism in europe?
a. the expansion of the agricultural economy due to more productive farming techniques
b. the employment of more workers to transform raw materials into finished goods
c. the failure of joint stock companies to reduce the financial risk for investors
d. the decline in european economies due to mercantilist policies
During the Commercial Revolution, the employment of more workers to transform raw - materials into finished goods was a key step towards the capitalist mode of production. This involved the growth of a wage - labor force and the development of a market - based system of production and exchange. The expansion of the agricultural economy (A) was more related to pre - capitalist or early - stage economic changes and not the core of capitalism. The failure of joint - stock companies (C) is incorrect as they were crucial for the growth of capitalism by pooling resources and reducing risk. The decline in European economies due to mercantilist policies (D) is also inaccurate since mercantilism was a precursor to capitalism and not a cause of decline in the context of capitalist development.
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B. The employment of more workers to transform raw materials into finished goods