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.
