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I think the answer would be a
Answer:
D. Competition leads to efficiency.
Explanation:
Mercantilism was a set of practices that aimed to strengthen the wealth of European states, by establishing a strong trade and expanding the economy resulting in the promotion of the enrichment of the bourgeoisie that could pay more taxes.
During this period of time, sea expeditions were heavily influenced to find new markets for local trade, the sense of economic competition between countries also began, which promoted a better quality of products to be stipulated. In this way, it was believed that competition was driving the efficiency of production processes.
Answer:
Capitalism
Explanation:
The one economic change in the period 1750–1900 that led to the formation of new elites is capitalism.
Capitalism is an economic system and political system in which a country's a trade and industry, means of production are owned by private owners for profit and not by the state.
It promotes freedom and innovation.
