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The long ago outdated Mercantile system placed laws on trade between a nations colonies and the homeland. One aspect of it was restrict how and by whom shipping of goods and products would be governed. In a capsule, it was an economic system "governed" by laws to such an extent it stifled economic progress.In contrast, a free enterprise system permits free trade and private production. Nation's do place certain restraints on a free market system, however, in comparison to the mercantile system, these restraints are very light.
Over time, free enterprise systems produce much more economic growth then the old mercantile system.
Devon Smith
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How does a mercantile system differ from a free enterprise system?
Mercantilism allows governments to control economies, while the free enterprise system gives individuals more economic control
Change from mercantilism to free enterprise?
good idea!! yes!
A sentence with free enterprise system?
The United States is a free enterprise system.
How does mercantlism compare with a free enterprise system?
Mercantilism is based on economical regulation, while the free enterprise system is based on economic freedom
What would have the same meaning as capitalism or a market economy?
Free Enterprise System
How does a mercantilism system differ from a enterprise system?
Mercantilism allows governments to control economies, while the free enterprise system gives individuals more economic control
How was the free enterprise system different from mercantilism for 18th- and century Europeans?
Under free enterprise, merchants were able to conduct unrestricted international trade. Under mercantilism, international trade was restricted.
How does mercantile system differ from a free enterprise system?
Mercantilism allows governments to control economies, while the free enterprise system gives individuals more economic control
How does a mercantile system differ from a free enterprise system?
Mercantilism allows governments to control economies, while the free enterprise system gives individuals more economic control
How does a mercantile system differ from free enterprise system?
Mercantilism allows governments to control economies, while the free enterprise system gives individuals more economic control
How does a mercantile system differ from a free enterprise?
Mercantilism allows governments to control economies, while the free enterprise system gives individuals more economic control
How was the free enterprise system different from the mercantilism for 18th and 19th century Europeans?
Under free enterprise, merchants were able to conduct unrestricted international trade. Under mercantilism, international trade was restricted.
Change from mercantilism to free enterprise?
good idea!! yes!
What is the difference between capitalism, or the free enterprise system, and mercantilism?
(Apex) Capitalism allows businesses to operate without regulation, while mercantilism is based on strict government control over economies.
How were the European system of mercantilism and free enterprise similar during the 18th and 19th centurie?
Both systems greatly increased Europeans' total wealth.
How were the European system of mercantilism and free enterprise similar during 18th and 19th centuries?
Both systems greatly increased Europeans' total wealth.
A sentence with free enterprise system?
The United States is a free enterprise system.
