2 years ago

What role did Adam Smith play in moving Europe away from mercantilism?

History

1 answer:

IrinaVladis [17]2 years ago

7 0

Adam Smith introduction of Capitalism moved the Europe country away from mercantilism system.

<h3>How did Adam Smith felt about mercantilism?</h3>

He saw the mercantile system as a system of economy that sought to enrich the country by restraining imports and encouraging exports.

During the 16th, this economic system dominated Western European economic thought and policies to the late eighteenth centuries.

Hence, his introduction of Capitalism moved the Europe country away from mercantilism system.

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