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European economic history

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In what ways does the invention and diffusion of double entry bookkeeping represent a process of productivity increase in the business activity of the 15th century

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Solution Summary

The european economic history is examined for diffusions of double entry bookkeeping. The business activities are given.

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In the early Renaissance period, Italians invented the technique of double-entry bookkeeping. This enabled the precise measurement of "profit" for the first time, and thereby made the concept of "profit" into an organizing principle of ...

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