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The in itself increase in volumes of trade was important as did Possible specialisation. Specialisation growth, in turn, required There is enough large markets which would allow to realise possibilities Specialised economic entities. As Adam's known saying states
Smith, "the division of labour is limited to the sizes of the markets". "The Division of labour
It is limited to the sizes of the markets "- such is the name it. 3 it. 1 compositions And.
Smith Bogatstvo of the people. in chapter 5 we will show that growth of the markets stimulated
And, in turn, it was urged on by an eminence of factory system of production.
But the factors outlined in first half of this chapter, worked on expansion
The European trade some centuries prior to occurrence of factories.
Qualitative change was, to a certain extent, something absolutely return
To practice and past beliefs. In chapter 2 we have interrupted the description medieval
Trade on that the system of market pricing was absolutely
It is incompatible with medieval values and consequently practised only in
Several cities which have already fallen outside the limits feudalism and represented
Itself certain cracks in system of laws of that time and norms. But what image
This contemptible exception of practice and values of the western company has reached
Ascendent position in an economic life of the West? Some reasons
Are indicated in the second part of this chapter.
In the end of the head we consider, as was reflected in position of the feudal
Masters and other classes of feudal company lifting of a class of dealers, and
Also we discuss arisen in generalisation of this process the theory that the historical
The science as a whole is the story how one ruling class supersedes
Expansion of the markets: geographical opening
What has served as the reason of expansion of the markets? The most frequent answer is that: the reason
Expansions of the markets - resulted great geographical opening
The European trade with the overseas countries. Vasco da Gama wonderfully
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