Commercial Capitalism

Commercial capitalism is an economic system where private individuals and businesses invest capital to produce goods and services with the goal of earning profits. It emphasizes the role of merchants, traders, and financiers in expanding markets, facilitating trade, and acquiring wealth through buying and selling. This phase, prominent from the 16th to 18th centuries, laid the foundation for modern capitalism by fostering the growth of commerce, establishing banking systems, and encouraging investment. It focused on expanding trade routes, developing markets, and accumulating capital, driving economic growth through commercial enterprise rather than solely through manufacturing or industrial processes.