A "monopolistic competition" consists of multiple companies selling similar but not identical products. The answer is "D".
Capitalism; is an economic system where the factors of production are privately owned.
Industrialization; is the development of industries in a country or region on a wide scale.
Mechanization; is the process of changing from working or exclusively by hand or with animals to doing that work with machinery.
The answer is C. Division of Labor; is the process of separating the tasks in the process of production and assigning different tasks to different workers.
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We have to learn from history so history doesn’t repeat itself
<span>The goal of England's mercantilist policy was to form the country richer. ... within the 1600s and 1700s (and even into the 1800s) the general public believed in mercantilism. They believed that countries inflated their wealth by increasing their exports and reducing their imports.</span>
