wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

S1: The local taxes were eliminated in Britain by the end of the 17th century.

S2: Currencies were used for trade instead of exchanging goods.

S3: The people of Britain were not familiar to open markets which gradually led to a decrease in demand for goods.

Read the above three statements and select the appropriate option from below.

A
S1: True; S2: True; S3: True
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
S1:True; S2: False; S3: True
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
S1: True; S2: False; S3: True
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
S1: True; S2: True; S3: False
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is D S1: True; S2: True; S3: False
The local taxes on goods were eliminated. By the end of the 17th century, currencies were widely used as a medium of exchange over the traditional method of exchanging goods. It resulted in a large section of the population receiving their income in the form of wages and salaries. People had wider options to spend their money, leading to an expansion of the market, giving people more options to spend their income.

flag
Suggest Corrections
thumbs-up
0
similar_icon
Similar questions
View More
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Factors- Political Stability, Unified Market and Agricultural Revolution
SOCIAL SCIENCE
Watch in App
Join BYJU'S Learning Program
CrossIcon