Question

In 1-2 sentences, describe the transition from mercantilism to capitalism in Europe.

Answer 1

[AI-generated answer — Bot GPT 3.5]

The transition from mercantilism to capitalism in Europe occurred gradually as the focus shifted from accumulating precious metals through trade to individual ownership and investment in a free market economy. This transition was marked by the rise of industrialization, the development of financial institutions, and the expansion of global trade networks.