Answer :

arnav98
Two developments paved the way for the emergence of modern capitalism; both took place in the latter half of the 18th century. The first was the appearance of the physiocrats in France after 1750; and the second was the devastating impact that the id eas of Adam Smith had on the principles and practice of mercantilism...
Capitalism ia is the economic system based on private ownership of the means of production in which personal profit can be acquired through investment of capital and employment of labour .

Other Questions