which of the following best describes the commercial revolution
The commercial revolution was a period of economic expansion, trade, and commercial development in Europe during the late Middle Ages and early modern period. It was characterized by the rise of capitalism, global exploration and trade, the establishment of colonies, and the growth of banking and financial institutions. The commercial revolution transformed the European economy and laid the foundation for the modern global economy.
The commercial revolution refers to a period of economic change and growth that occurred in Europe during the 16th and 17th centuries. It was characterized by an increase in trade, the development of a global market, and the emergence of new business practices. The best description of the commercial revolution would be:
A period of economic transformation in Europe during the 16th and 17th centuries marked by increased trade, the rise of global markets, and the adoption of new business practices.