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☆☆☆☆☆Cards in this guide (10)
What are the factors of production that influence the economies of the US Great Britain and China
The Factors of Production are Land, Labor, Capital(Wealth), and Natural Resources
What did Adam smith said real wealth of a nation was measured by what
Money
What actions would be favored by a government that supports a mercantilist economy
Answer this question… A merchant uses resources found in his own country to make goods to sell in other countries.
What was one major difference between the Commercial Revolution and the Industrial Revolution
The Commercial Revolution led to the adoption of mercantilism in Europe, while the Industrial Revolution contributed to the end of mercantilism.
What development contributed to the eventual rise of capitalism in Europe
The expansion of the consumer market during the commercial revolution.
Who would be a member of the bourgeoisie According to Marxist theory
A factory Owner
Who formed part of the middle class after the adoption of capitalism
Doctors, bank clerks, and accountants
What development during the late Middle Ages laid the foundation of capitalism in Europe
the decline of agricultural economies
What major problems accompanied the rise of capitalism
Pollution and social inequality
Which person best represents the values of Romanticism
A poet who describes a beautiful river in vivid detail.
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