Essay Review Example | Topics and Well Written Essays - 250 words

Review - Essay Example jibe to Kenneth, China, in-spite of making advancements in science was unable to emerge as a strong economy. It was troubled collectible to its non-integrated political framework that prevented free trade and exchange of goods between different regions (Kenneth, 12-15) Weak political twist not allowed much of innovations to be carried forward to the next level of production. However, Europe attempted for excellence in its work, brought new styles of production that reduced time and energy and facilitated greater efficiency.Another factor that greatly influenced capitalist economy was the geographical set up. North Western Europe has vast coalmines. When North America became the largest importer of coal because Europe started specializing in the production of energy rather than agriculture. An influenced of trade and commerce came at hand, which in uprise gave phenomenal increase to entrepreneurship in Europe. Individual enterprise, easy availability of cred it and huge profits were the motivations for the mint of Europe.The capitalists in Europe emerged from monasteries as these religious places amassed wealth. Materialistic tendencies gave rise to individualist approach towards trade practices. This request to increase wealth gave rise to capitalism that fueled one of the most important revolutions of the modern valet i.e. The Industrial