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4 votes
Match each economic term to its description.

Tiles

banks

insurance companies

mercantilism
____________________________________________

Pairs

established government policies that favored merchants and protected the nation’s economy ________________

encouraged capitalists to save money _________________

allowed investors to engage in speculative trading _______________

User Nikhil D
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2 Answers

4 votes
First one is mercantilism
Second one is Banks and lastly, insurance companies
User Slee
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5 votes

Answer:

1- Established government policies that favored merchants and protected the nation’s economy --- Mercantilism

2- Encouraged capitalists to save money --- Banks

3- Allowed investors to engage in speculative trading --- Insurance companies

Step-by-step explanation:

1- It is called mercantilism to a set of political and economic ideas that were developed during the sixteenth, seventeenth and the first half of the eighteenth century in Europe. It was characterized by a strong State intervention in the economy, coinciding with the development of monarchical absolutism. It consisted of a series of measures that focused on State intervention in the economy and the control of the currency.

2- A bank is a financial company that is responsible for raising resources in the form of deposits, and lend money, as well as the provision of financial services.

3- An insurance company is a company specialized in insurance, whose economic activity consists of producing the security service, covering certain economic risks to the economic units of production and consumption.

User Muhammad Waqar
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