1Cademy - An economic historian observes that from the 14th to the 17th centuries, a successful merchant in India and a successful merchant in Italy could have had more comparable living standards than either merchant would have had with a farm laborer in their own respective countries. Which principle of that eras economic structure best explains this observation?

Multiple Choice

An economic historian observes that from the 14th to the 17th centuries, a successful merchant in India and a successful merchant in Italy could have had more comparable living standards than either merchant would have had with a farm laborer in their own respective countries. Which principle of that era's economic structure best explains this observation?

Updated 2025-08-21

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