Question

how did price revolution affect the economic life of western Europe in brief ​

Answer 1

• This enlarged the monetary supply and price levels of many European countries. ... Combined with this influx of gold and silver, population growth and urbanization perpetuated the price revolution. According to this theory, too many people with too much money chased too few goods.

Answer 2

i) The price revolution also gave a boost to capitalism. The demand for goods and services grew as the population grew - Because there were more people than goods, sellers could RAISE the prices.

ii) The increase flow of gold and silver also fueled inflation - it was used to make money.