What was a significant outcome of the Commercial Revolution that took place in Europe during the late medieval and early modern periods?

a. The prioritization of agrarian practices over commercial activities.
b. The emergence of joint-stock companies and the development of modern banking systems.
c. A decline in international trade due to increased regional self-sufficiency.
d. The establishment of feudalism as the dominant economic system.

b. The emergence of joint-stock companies and the development of modern banking systems.