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Nataly_w [17]
4 years ago
10

Determine whether each statement best describes capitalism or mercantilism.

History
2 answers:
a_sh-v [17]4 years ago
5 0
Capitalism- 1,4 Mercantilism- 2,3
astraxan [27]4 years ago
3 0

The correct answer is the following.

The correct matches are:

It is an economic system that relies on a free market: Capitalism.

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

In requires a nation to export goods worth more than goods is imports: Mercantilism.

The government doesn’t get involved in the economy: Capitalism.

<u>Mercantilism </u>was the economic system used from the 16th to the 18th century. Europeans governments accumulated as much wealth as they could because they considered that wealth has a limit. The government imposed economic regulations in its producti activities. <u>Capitalism</u> is the economic system that supports companies doing business to generate earnings and promote the economy of a nation. Capitalism believes in free trade and the non-intervention of the government.

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