Capitalism in early modern Europe required all the following EXCEPT

Question

Quizplus · Accepted Answer

Capitalism in early modern Europe did not require democracy. In fact, many early capitalist societies were characterized by authoritarianism and a lack of political freedom for large segments of the population. The other options listed - the ability of individuals to make economic decisions, a well-developed market, the freedom to obey the law of supply and demand, and incentives for risk-taking and investment - are all important features of capitalism.

Capitalism in Early Modern Europe Required All the Following EXCEPT