Asked by Venus Justice on Jun 06, 2024

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Compared to the commercial capitalism of the early nineteenth century, the economic system at the end of the 1800s is best described as

A) financial capitalism.
B) industrial capitalism.
C) free market economy.
D) socialism.

Commercial Capitalism

An economic system characterized by private ownership of assets and a market-driven economy where goods are produced and sold for profit.

Financial Capitalism

An economic system where financial markets play a critical role in determining the allocation of capital, the pricing of assets, and the management of economic risks.

Industrial Capitalism

An economic and social system in which trade, industry, and capital are privately controlled and operated for profit.

  • Identify the characteristics and evolution of economic systems in the late 19th century.
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Verified Answer

MH
Muhammad Hamza DhichJun 08, 2024
Final Answer :
B
Explanation :
The economic system at the end of the 1800s is best described as industrial capitalism, characterized by the growth of industries and the production of goods on a large scale, driven by technological advancements and the expansion of factories.