Other Characteristics of the West That Aided Industrialization Include

question 23

Multiple Choice

Other characteristics of the West that aided industrialization include

• A)development of the rule of law.
• B)cultural, religious, political, and social diversity, which promoted innovation.
• C)rivalry among states, which encouraged commerce and industry.
• D)support and protection from governments.
• E)All of these.

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Definitions:

Assignable Loan Contract

A loan agreement that allows the lender to transfer or assign the loan to another party.

Finance Company

A financial institution that offers loans, leases, and other financial services to consumers and businesses.

Conditional Sales Contract

An agreement for the purchase of goods that does not fully transfer ownership to the buyer until certain conditions, typically full payment, have been met.

Simple Interest

Interest calculated only on the principal amount, or the initial sum of money borrowed or invested, without compounding.