Answered

Discover the answers you need at Westonci.ca, where experts provide clear and concise information on various topics. Join our platform to connect with experts ready to provide precise answers to your questions in different areas. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

Mercantilism vs free enterprise

Sagot :

Gibbs
Mercantilism is an economic concept whereby countries seek to protect their markets from foreign firms or governments so that the country will export more goods than imports. The goal of mercantilism was initially to create as much wealth in gold and silver to fund militaries through the sale of goods through exports. Free enterprise is largely the opposite of this concept in that the government seeks to allow the market to operate on its own without government intervention or protection. Free enterprise is based on Adam Smith's notions of capitalism and the ability for free trade and non-government intervention to allow economies to grow and develop. 
We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.