Answered

Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Find reliable answers to your questions from a wide community of knowledgeable experts on our user-friendly Q&A platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

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. 
Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.