History of Europe

What is the name of economic system that developed along with agricultural revolution and Industrial Revolution in Europe?

The economic system that developed along with agricultural revolution and Industrial Revolution in Europe is known as capitalism. Capitalism is an economic system characterized by private ownership of the means of production and their operation for profit. It is based on a system of economic freedom, where individuals are free to buy and sell goods, invest, and earn profits. Capitalism encourages competition and innovation, and provides incentives for individuals to excel in their businesses and endeavors.