Answer:
mercantilism increased the likelihood of conflicts between European powers was that it led to dispute over who could trade where, and disputes over the trade agreements themselves, since every country wanted the "best deal".
I hope this helps
How prices serve as an incentive in a market economy is whenever there is a decline in the supply of a particular commodity, what the suppliers do is increase the prices, and in contrast, when there is enough supply, they decrease the prices as well. Hope this answers your question.
The need to completely recover from the damages left during the post World War ll made Japan eager to overcome. They educated and trained themselves to rebuild their economy. They also opened their country to free trade. Everyone had became a part of social reconstruction in all different aspects including soldiers. They sought out ways to build new industries such as micro technology to cater the needs of the world market.
