Political and Economic Developments

Question 1

Absolutism

Answer 1

the acceptance of or belief in absolute principles in political, philosophical, ethical, or theological matters

Question 2

Enlightened Monarch

Answer 2

refers to the conduct and policies of European absolute monarchs who were influenced by the ideas of the Enlightenment, espousing them to enhance their power

Question 3

Mercantilism

Answer 3

the economic policy / system of western Europe

Question 4

Capitalism

Answer 4

an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state