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arlik [135]
2 years ago
8

Determine whether each statement best describes capitalism or mercantilism.

History
1 answer:
Anna11 [10]2 years ago
5 0

Capitalism is an economic system in which individuals control the means of production.

<h3>What is capitalism?</h3>

Capitalism is an economic system in which individuals control the means of production. Mercantilism involves government control of the means of production. We shall now check which statements describe the terms given.

Capitalism - it is an economic system that relies on a free market.

Mercantilism - The government is in control of the nation’s economy.

Learn more about capitalism:brainly.com/question/14226166

#SPJ1

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