Explain the conditions that were viewed as obstacles to the economic exchange and growth by the new
Explain the conditions that were viewed as obstacles to the economic exchange and growth by the new commercial classes during the nineteenth century in Europe ?
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(i) The absence of freedom of markets.
(ii) State-imposed restriction on movement of goods and capital.
(iii) Time-consuming calculations resulting from a difference in currency, weight, and measurement.
(iv) The first half of the 19th century had low explosive population growth.
(v) Job-seekers were more and employment opportunities were less.
(vi) Small producers faced stiff competition from import of cheap machine-made goods.
(vii) Peasants struggled under the burden of feudal dues.
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