Question

Mercantilism is best described by which of the following statements

Answer 1

Mercantilism is best described as an example of a command economy. The correct option among all the options that are given in the question is option "B".

In capitalism supply and demand should accomplish the fact that it should have enough tension between the two to create the need for both. The correct option among all the options that are given in the question is option "C".

It was first described by Adam Smith and this is true about capitalism. The correct option among all the options that are given in the question is option "B".