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The industry and mercantilism played crucial roles in shaping capitalism by promoting trade and the accumulation of wealth. Mercantilism emphasized government regulation to enhance national power through a favorable balance of trade, leading to the establishment of colonial empires and the rise of merchant classes. This environment fostered industrial growth and innovation, as entrepreneurs sought new markets and production methods. Ultimately, these dynamics contributed to the transition from feudal economies to capitalist systems characterized by private ownership and free markets.

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Capitalism is an economic system. Mercantilism is trading.


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That is true, mercantilism was an early phase of capitalism.


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