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erastova [34]
3 years ago
8

What is the difference between capitalism, or the free enterprise system, and mercantilism?

History
2 answers:
alisha [4.7K]3 years ago
4 0
Mercantilism was a system of economic strategy that tried to strengthen domestic economic strength by increasing exports and reducing imports. Free Enterprise was a much more liberal system of economy where states, rather than seeing economy as a competition, saw trade as a mutually beneficial agreement.
emmainna [20.7K]3 years ago
3 0

Apex - “ capitalism allowed business to operate without regulation , mercantilism is based on strict government control over economics

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