Answer:
- In the late 1700s, Indian farmers produced cotton that was shipped to British factories to produce textiles.
Explanation:
Amid the late 1700s, farmers in India delivered cotton and sent them to certain industrial facilities in the British nations to create materials. In this century, the development of India from exchanging and agrarian culture to an economy of administrations and assembling was the financial history of India. Be that as it may, India was as yet ready to get by on their farming.
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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.
