Final answer:
Private businesses impacted the European economy by creating capitalism and expanding feudalism. It did not give the Church an expanded role or decrease the value of trade along the Silk Road.
Step-by-step explanation:
The creation of private businesses had a significant impact on the European economy. It created capitalism, which is an economic system based on private ownership and investment of resources for profit. This led to an increase in trade and economic growth. It also expanded feudalism because wealthy merchants and businessmen became powerful and influential in society, often having their own private armies and estates. However, it did not give the Church an expanded role in the economy and it did not decrease the value of trade along the Silk Road.
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