Question

what were the factors for significant economic change in mid 18th century

Answer 1

The factors for the significant economic change in mid 18th century are:

1) Discovery of new sea routes and places like Vasco de Gama discovered India and Columbus discovered America, so traders went there to sell and buy their merchandise.

2) the change of economy from feudalism to captilism thereby the formation of factory system.

3) The initiation of renaissance, where people objected many stereotypic trade principles and started free trade.

4) The start of formation of colonies in mid East Asia by Europeans.

All these factors boomed the economy in European countries like England,France etc.