Capitalism as an ideology-based economic system arose __________, based on the principles of private property, individual rights, free trade, profit, and the amassing of wealth.

Question

Quizplus · Accepted Answer

Capitalism as an ideology-based economic system arose in Europe in the sixteenth century, particularly in the commercial centers of Italy, the Netherlands, and England. This was a time of great expansion of trade and commerce, as well as the emergence of new technologies and innovations in manufacturing and finance. The principles of private property, individual rights, free trade, profit, and the amassing of wealth were important elements of this economic system.

Capitalism as an Ideology-Based Economic System Arose __________, Based on the Principles