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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 new 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 development of a market - based economy, which is fundamental to capitalism. Expansion of agriculture alone doesn't directly create the capitalist mode of production. Joint - stock companies actually helped in the growth of capitalism by spreading risk, not failing to do so. Mercantilist policies were more about state - controlled trade and not a decline factor for capitalism's foundation.
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B. The employment of more workers to transform raw materials into finished goods