What Were the Characteristics of Enlightened Absolutism, and to What

question 48

Essay

What were the characteristics of enlightened absolutism, and to what extent did the monarchies of eighteenth-century Prussia, Austria, and Russia meet the aims of enlightened absolutism? How did they fall short of employing enlightened ideals?

---

Definitions:

Profit and Loss Summary

A financial statement that summarizes the revenues, costs, and expenses incurred during a specific period, typically a fiscal quarter or year.

Retained Earnings

The portion of net income left over for the business after it has paid out dividends to its shareholders.

Useful Life

The estimated time period that an asset is expected to be used by an entity, during which it is anticipated to contribute to the entity's cash flows.

Current Year Profit

The net profit or loss for the ongoing fiscal period, prior to the closing of the accounting books.