When the people went to explore, they found spices, plants, animals, and food. So these items led to producing a market economy, supply and demand, capitalism, and mercantilism.
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
CAPITALISM
Exploration expanded trade routes and opened new markets, facilitating the exchange of goods and resources between Europe and the rest of the world. This influx of wealth and commodities fueled the growth of capitalism, as European nations sought to invest in and profit from overseas ventures. Additionally, the establishment of cottage industries allowed for increased production at home, while mercantilism emphasized the accumulation of wealth through trade surpluses and colonial expansion. Together, these factors contributed to the development of a more interconnected global economy.
ow are the ideas of mercantilism relflected in our economy today
capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy capitalism, communism, socialism, and market economy
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
CAPITALISM
goverment i think not really sure
These are:increased in capitalrise of bankingintroduction of credits facilitiesinternational commercial expansiondevelopment of efficient money economy
ow are the ideas of mercantilism relflected in our economy today
The Market Economy is another name for Capitalism.
The Market Economy is another name for Capitalism.
The term "market economy" is just a synonym for capitalism.
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Did mercantilism accept the intervention of government
A feature of mercantilism is full government control of the national economy. This theory believes that this is the only way of achieving a healthy economy.
Colonialism devastated the Libyan economy and held it back for many years.