What new type of economy developed during the Renaissance? aa money-based economy ba traditional economy ca command economy da barter economy
Question
What new type of economy developed during the Renaissance? aa money-based economy ba traditional economy ca command economy da barter economy
Solution
During the Renaissance, a new type of economy that developed was a money-based economy. This shift marked a move away from the traditional feudal economy that was prevalent during the Middle Ages. The money-based economy allowed for more fluid trade and commerce, and it played a significant role in the economic expansion that occurred during the Renaissance. So, the answer is a) a money-based economy.
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