It is called mercantilism to a set of political ideas or economic ideas of great pragmatism that were developed during the sixteenth, seventeenth and the first half of the eighteenth century in Europe. It was characterized by a strong state intervention in the economy, coinciding with the development of monarchical absolutism, according to this ideology the intervention of the government should also occur in the market. On the contrary Capitalism is an economic and social system based on the fact that the means of production must be privately owned, the market serves as a mechanism to allocate scarce resources efficiently and capital serves as a source to generate wealth, this ideology speaks of government non-intervention in the markets.
None of these sound right E. Others
Answer:
Triangular trade or triangle trade is a historical term indicating trade among three ports or regions. Triangular trade usually evolves when a region has export commodities that are not required in the region from which its major imports come. Triangular trade thus provides a method for rectifying trade imbalances between the above regions.
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St Petersburg was once referred to as Petrogard till after the Russian revolution.
<h3>Where is saint Petersburg?</h3>
This [place is a historical town that is found in the Northern extreme part of Russia.
The area is known to have had a change of name after the Russian revolution of the year 1917. The town only got to be called Petrogard for a period of 10 years.
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People of Western Europe needed protection from invading threats with control. Therefore kings thought that if they invent a system that allows their citizens have what they want with a substantial servitude to whoever grants them with their possessions then they would be protected. hpe this helps
