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Mercantilism and Capitalism both have to do with the economy and making money. and they both have people getting benefits from them the entrepenuers and the monarchs
the employer usually benefits in low wage economies
System based on the fact that a country benefits by accumulating monetary reserves through a positive balance of trade.
They hated the mercantilism
mercantilism was eventually replaced by capitalism
Mercantilism and Capitalism both have to do with the economy and making money. and they both have people getting benefits from them the entrepenuers and the monarchs
the employer usually benefits in low wage economies
System based on the fact that a country benefits by accumulating monetary reserves through a positive balance of trade.
They hated the mercantilism
mercantilism was eventually replaced by capitalism
Capitalism is an economic system. Mercantilism is trading.
MercantilismThe answer is Mercantilism
That is true, mercantilism was an early phase of capitalism.
One aspect of mercantilism is building a network of colonies overseas.
Mercantilism still rules the financial press.
One aspect of mercantilism is building a network of colonies overseas.
Mercantilism. Held in the early days of settelment of the americas.