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Effect of WW-I on Indian Industrialists

The large sca...

Question

The large scale factories began to develop ______ capital.

A

Mercantile

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B

Social

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C

Natural

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D

Manufactured

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Solution

The correct option is A Mercantile
Mercantilism refers to the economic policy wherein the trade and accumulation of goods were maximized by obtaining the cheap raw material from the colonies. The development of large scale factories in Europe during the Industrial Revolution required the raw material of cotton, jute etc. that lead to spread if mercantile capital.

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