Determine whether each statement best describes capitalism or mercantilism.
It is an economic
system that relies
on a free market.The government is
in control of the
nation’s economy.It requires a nation
to export goods
worth more than the
goods it imports.The government
doesn’t get
involved with the
economy.

Question

23-03-2018
History

contestada

Determine whether each statement best describes capitalism or mercantilism.
It is an economic
system that relies
on a free market.The government is
in control of the
nation’s economy.It requires a nation
to export goods
worth more than the
goods it imports.The government
doesn’t get
involved with the
economy.

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MrZieleniewo MrZieleniewo · Answer 1 · 2018-04-03T21:24:50+02:00

It is an economic system that relies on a free market. = CAPITALISM
The government is in control of the nation’s economy. = MERCANTILISM
It requires a nation to export goods worth more than the goods it imports. = MERCANTILISM
The government doesn’t get involved with the economy. = CAPITALISM

"Mercantilism" was a term coined by philosopher Adam Smith to describe the problem-plagued way business was being done at his time. Smith is famous for his writing on economic theory in An Inquiry into the Nature and Causes of the Wealth of Nations (1776), and is thought of as a founding father of capitalist thought. Lest you think of Adam Smith only as a capitalist thinker interested in economic growth, however, remember that he also published a significant book on ethics in 1759, titled, A Theory of Moral Sentiments.

lovekochensparger lovekochensparger · Answer 2 · 2018-10-23T16:10:37+02:00

lovekochensparger lovekochensparger

23-10-2018

capitalism

mercantilism

capitalism

HOPE THIS HELPED :)!!!

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