History, asked by sherpayangzi2, 2 months ago

how did price revolution affect the economic life of western Europe ..please give the link for brief answer​

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Answered by singh639
2

Answer:

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.

It helped the merchants, but it also helped those in debt because the money they owned was now not worth as much as it was when they borrowed it. The markets of Europe flourished with the increased trade and merchants were able to acquire large amounts of wealth. Economic change was not the only change

Explanation:

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Answered by Sreekala4mt
0

Answer: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.

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