Answer:
Capitalism and socialism are formal economies. The major differences between capitalism and socialism revolve around the role of the government and equality of economics. Capitalism affords economic freedom, consumer choice, and economic growth.
<span>Belize, Guatemala, Elsalvador, Costa Rica, Panama, Honduras and Nicaragua. They all use Commercial and subsistence farming and Fishing.</span>
Mercantilism exists an economic policy that exists created to maximize the exports and minimize the imports for an economy.
<h3>What is Mercantilism ?</h3>
Mercantilism exists as an economic approach by which governments utilized their economies to increase state power at the expense of other countries. Governments sought to confirm that exports exceeded imports and to earn wealth in the form of bullion (mostly gold and silver).
Mercantilism exists an economic policy that exists created to maximize the exports and minimize the imports for an economy. It facilitates imperialism, colonialism, tariffs, and subsidies on traded goods to attain that objective.
Mercantilism led to the emergence of what's been named the “triangular trade”: a system of exchange in which Europe provided Africa and the Americas with finished goods, the Americas supplied Europe and Africa with raw materials, and Africa supplied the Americas with enslaved laborers.
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Answer:
The price of a floating currency is determined by the currency exchange market while the price of a fixed currency is connected to the price of some other commodity.
