When examining economic growth rates throughout history?
A. the world experienced little to no growth until the industrial revolution, after which all of the world's economies began to experience real economic growth.
B. almost no growth occurred prior to 1300 AD and then all countries of the world grew at a rapid pace.
C. it appears that the world experienced consistent growth since records have been kept.
D. the world experienced little to no growth until the industrial revolution, after which some economies began to experience real economic growth.

Question

07-11-2019
Business

contestada

When examining economic growth rates throughout history?
A. the world experienced little to no growth until the industrial revolution, after which all of the world's economies began to experience real economic growth.
B. almost no growth occurred prior to 1300 AD and then all countries of the world grew at a rapid pace.
C. it appears that the world experienced consistent growth since records have been kept.
D. the world experienced little to no growth until the industrial revolution, after which some economies began to experience real economic growth.

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stokholm stokholm · Answer 1 · 2019-11-07T08:51:03+01:00

Answer:

A. the world experienced little to no growth until the industrial revolution, after which all of the world's economies began to experience real economic growth.

Explanation:

As we know it was the industrial revolution which provided the economic growth to the economy, as before that people believed majorly on barter system and there was no record of profit on such.

The individual earnings and growth came because of industrial revolution which provided jobs to huge number of people in an economy.

Since the people started earning by their own whether through jobs or their own businesses, there was a great urge to work and earn in all those who were not willing to earn.

This basically helped the economy to see the growth of individuals.