The growth of commerce shifts the structure of power in European societies as shown below.
What is commerce?
- Commerce is defined as the exchange of goods and services, particularly on a large scale (between cities, countries, or between parts of a country).
- More specifically, commerce encompasses all activities involving the large-scale distribution of goods and services from producers to consumers.
- Commerce includes not only trade, which is the actual transaction, exchange, or transfer of goods and services, but also the auxiliary services and means that make such trade possible.
- Transportation, communication, warehousing, insurance, banking, advertising, packaging, and so on are examples of auxiliary services.
The growth of commerce shifts the structure of power in European societies by:
- When the economic revolution began, merchants and artisans dominated expanding cities and towns, while Italian city-states ruled themselves without the interference of a powerful monarchy.
- However, the rise of commerce favored the power of Kings and Nobles at the expense of the landed nobility, as they established royal law courts and centralized power through the establishment of bureaucracies.
Therefore, the growth of commerce shifts the structure of power in European societies is shown.
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The correct question is given below:
How did the growth of commerce shift the structure of power in European societies?
