By 1850 Other European Countries Had Reduced Great Britain's Big

question 33

Multiple Choice

By 1850 other European countries had reduced Great Britain's big lead in industrial production.What were some of those countries?

• A) England, The Netherlands, and Italy.
• B) Belgium, France, and Germany.
• C) Italy, Yugoslavia, and Greece.
• D) Austria, Russia, and Spain.
• E) Portugal, Spain, and Switzerland.

---

Definitions:

Economic Organization

The structured and systematic arrangement of economic activities and resource allocations within a society or among participants in the economy.

Private Ownership

The legal possession of property by non-governmental entities or individuals, allowing control over its use and the benefits it generates.

Capitalism

An economic system in which productive resources are owned privately and goods and resources are allocated through market prices.

Exchange

The act of giving one thing and receiving another (especially of the same type or value) in return, often referring to the trading of goods, services, or currencies.