ECONOMICS (CBSE/UGC NET)

ECONOMICS

INCENTIVES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which “G” of Exploration is described below?"Countries in the ‘Old World’ were coming to the ‘New World’ for Wealth and Economic Gain”
A
God
B
Glory
C
Gold
D
None of the above
Explanation: 

Detailed explanation-1: -Five European nations were the dominant sponsors of these voyages in search of new trade routes, merchant opportunities, and-ultimately-lands to conquer. These were Portugal, Spain, England, France, and the Netherlands.

Detailed explanation-2: -The simple answer is money. Although, some individual explorers wanted to gain fame or experience adventure, the main purpose of an expedition was to make money. How did expeditions make money? Expeditions made money primarily by discovering new trade routes for their nations.

Detailed explanation-3: -A major result of the Age of Exploration was extensive migration from Europe to the Americas to spread Christianity.

Detailed explanation-4: -What major coast did the first Portuguese explorers sail along? Besides the spices, what was another motivation for these explorers and rulers? Who was the first to reach the tip of Africa? What explorer finally reached India?

There is 1 question to complete.