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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.

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Similarites between 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


What economic system is characterized by private property and a market economy?

CAPITALISM


How did exploration led to the growth and development of capitalism a market economy cottage industry and mercantilism?

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.


How are the ideas of mercantilism reflected in your economy today?

ow are the ideas of mercantilism relflected in our economy today


What types of economic systems exist throughout the world 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

Related Questions

Similarites between 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


What economic system is characterized by private property and a market economy?

CAPITALISM


What economic system is controlled by private owners with little government influence Capitalism Chartered companies Market economy Mercantilism?

goverment i think not really sure


What were essential elements of Commercial Revolution?

These are:increased in capitalrise of bankingintroduction of credits facilitiesinternational commercial expansiondevelopment of efficient money economy


How are the ideas of mercantilism reflected in your economy today?

ow are the ideas of mercantilism relflected in our economy today


Is capitalism market economy?

The Market Economy is another name for Capitalism.


Is market economy like capitalism?

The Market Economy is another name for Capitalism.


Is capitalism in the market economy?

The term "market economy" is just a synonym for capitalism.


What types of economic systems exist throughout the world 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


How did mercantilism represent a form of government intervention in the economy?

Did mercantilism accept the intervention of government


Which is a feature of mercantilism?

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.


How did colonialism effect Libya?

Colonialism devastated the Libyan economy and held it back for many years.