Between 1300 and 1600, which economic system began to develop as a result of the transformation in global trade?

Capitalism economic system

Explanation:

The capitalism economic system also known as the free market system where by the demand and supply of gods and services  determines the production of goods and services by the capitalists. instead of the determination of the production of goods and services by a central system usually government agencies as seen in  some other economic system like the command economic system.

Between 1300 and 1600 due to the transformation in global trade and the involvement of capitalists in trading and production of goods and services, the economic system that developed within this period was the Capitalism economic system

john smith was the first englishman to sail around the world. francis bacon served as attorney general and lord chancellor of england. he took up aristotelian ideas, arguing for an empirical, inductive approach, known as the scientific method, which is the foundation of modern scientific inquiry.

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