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Under capitalism, merchants were able to conduct unrestricted international trade. Under mercantilism, international trade was restricted.
It prevented the expansion of trade with other countries.
mercantilism
England controlled trade and the North American colonies provided England with raw materials.
provide raw materials for the mother country
Under free enterprise, merchants were able to conduct unrestricted international trade. Under mercantilism, international trade was restricted.
Under free enterprise, merchants were able to conduct unrestricted international trade. Under mercantilism, international trade was restricted.
Under capitalism, merchants were able to conduct unrestricted international trade. Under mercantilism, international trade was restricted.
It prevented expansion of trade with other countries.
It prevented the expansion of trade with other countries.
mercantilism
mercantilism
mercantilism
England controlled trade and the North American colonies provided England with raw materials.
States restricted trade between states with tariffs.
provide raw materials for the mother country
Mercantilism is based on economical regulation, while the free enterprise system is based on economic freedom