Rise of Commercial Centers in Europe - Essay Example

The factories were responsible for the processing of the agricultural products. The growth of factories facilitated the development of commercial centers. It is also during this period that the phenomenon of enlightenment was experienced. Several scholars started emerging during this period. These scholars contributed to the development of research (McKay, 123).

It was also during this period that the phenomenon of renaissance was experienced. Renaissance or re-birth contributed significantly towards the growth of commercial centers because it enabled the Europeans to widen their scope of thinking (McKay, 127).

The development of the learning institutions such as universities also had a role to play as far as the growth of commercial centers is concerned. Through universities, innovation and inventions rose drastically. This facilitated the growth of commercial centers. The increase in population is another factor that contributed to the growth of commercial centers. Europe's population started rising significantly during this period. This was due to improved medical care. The rise in population demands commodities and hence leads to the development of commercial businesses. Technological advancement is another factor that facilitates the growth of commercial centers. This is because the advent of technology facilitated the development of industries which in turn promoted the development of other commercial centers such as banks. To achieve this there was a great need for business expansion which in turn led to the rise of commercial centers (Coffin et. al, 259)

Benefits of the rise of commercial centers to the population

The rise of these commercial centers in Europe brought several benefits to the population. The first benefit of the development of commercial centers is that it leads to improvement of the living standards. This is because the people could get money through selling services or goods the rise of commercial centers brought better living standards and thus lowered the poverty rates. As more centers were brought up, more people were employed while others established their self-business. This in turn improved the living standards of these people. The growth of commercial centers stimulated higher retail employment (Coffin, 263).

 Recent research has shown that the rise of commercial centers in Europe helped bring about a big rise in total employment. It states that the number of people at work rose from 2.53 million to nearly 29 million. This therefore greatly benefited the population. Additionally, the rise of commercial centers led to the growth of the Europe economy, which, in turn, brought a positive impact on many companies and business confidence. To the general population, this was good news for their stock market and the growth of both small and large businesses. Today Europe commercial centers are accepted as property assets class by investors while retailers consider them as a very efficient trading venues. Consumers on the other hand view them as a destination that provides greater choice and convenience (Coffin, 271).