WORLD HISTORY

NATIONALISM IN EUROPE

THE RISE OF NATIONALISM IN EUROPE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What was viewed as obstacle to economic change and growth by new commercial classes?
A
Absence of railways
B
Limited suffrage
C
Customs duties
D
Reduced status of women
Explanation: 

Detailed explanation-1: -There was no freedom of markets.

Detailed explanation-2: -It also leads to a lot of social problems as well. These are some of the challenges faced by the Indian economy. Population density, poverty problems, unemployment, payment deterioration, poor education, and private debt are some of the main challenges.

Detailed explanation-3: -Vicious Circle of Poverty – According to Ranger Nurkse, vicious circle of poverty is the greatest obstacle in the way of economic development. In developing countries there is low income that leads to low saving and low investment which stops the economic development.

Detailed explanation-4: -(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.

There is 1 question to complete.