What were the major economic challenges during the Renaissance?

What were the major economic challenges during the Renaissance?

During the Renaissance, the major economic challenges included the decline of feudalism, the rise of capitalism and the emergence of a money-based economy, the impact of the Black Death on population and labor, and the competition between city-states for trade and resources. Additionally, the exploration and colonization of new territories led to economic challenges such as the need for new trade routes and the exploitation of resources.