answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: How was the free enterprise system different from mercantilism for Th and Th century European?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How was the free enterprise system different from mercantilism for 18th- and century Europeans?

Under free enterprise, merchants were able to conduct unrestricted international trade. Under mercantilism, international trade was restricted.


How was the free enterprise system different from the mercantilism for 18th and 19th century Europeans?

Under free enterprise, merchants were able to conduct unrestricted international trade. Under mercantilism, international trade was restricted.


What was the basic economic and political theory that the 16th and 17th century European powers governed their overseas colonies with?

Mercantilism.


Basic economic and political theory by which seventeenth and eighteenth century European powers governed their overseas colonies?

mercantilism


The basic economic and political theory by which seventeenth- and eightennth- century European powers governed their overseas colonies?

mercantilism


What is commercial reformation?

The commercial revolution was a period of European economic expansion, colonialism and mercantilism. It lasted from the 13th century until the 18th century, when it was succeeded by the industrial revolution.


Knowing the three steps involved in Mercantilism?

an economic system of trade that spanned from the 16th century to the 18th century. Mercantilism is based on the principle that the world's wealth was static, and consequently, many European nations attempted to accumulate the largest possible share of that wealth by maximizing their exports and by limiting their imports via tariffs.


What is the name of the set of principles that dominated economic thought in the seventeenth century?

Mercantilism


What year was mercantilism started?

Mercantilism emerged as an economic theory in the 16th century, particularly in Europe, and influenced economic policies of various countries until the late 18th century.


Why was mercantilism important?

Mercantilism is important to the growth of the economy. It helps to trade and supply goods and makes services easier. Mercantilism became dominant in Europe in the year 16th to 18th century.


In what centuries did mercantilism exist in Europe?

Mercantilism existed during the16th century. It means that riches is the basic power or it is the basis of a power of one's country


The basic economic and political theory by which 17th and 18th century European powers governed their overseas colonies?

Seventeenth and eighteenth century European powers mainly utilized Adam Smith's mercantilism concept of economics, which enriched the mother nation through restricted spheres of trade. Politically, it depended. France ruled with an absolute monarchy that controlled virtually all the details of colonial affairs, whereas in England, a parliament that controlled the nation's finances had considerable influence upon the actions of the King and the nation.