Choose one of the economic terms from this activity and explain its importance to the Commercial Revolution that took place in Europe from the 1500s

to 1700s

(the economic terms are capitalism, mercantilism, tariff, price revolution, and "putting out" system.)

The Commercial Revolution

Explanation:

The 16th century experienced vast economic expansion. This expansion was to a great extent related t the expansion of trade, the emergence of colonial empires and commercial prosperity. The effect of the commercial revolution indirectly contributed to the development of capitalism. The influx of precious metal rise as money and made it possible for it to use in the capital. The rise of prices proved a stimulus to business, with the rapid growth of trade opening up opportunities for large scale commercial enterprises.

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