Question

Mercantilism is best described by which of the following statements. A: an early for of capitalism. B: an example of a command economy. C: an example of free market economy. in capitalism supply and demand should accomplish which of the following. A: allow supply to exceed demand. B: allow demand to exceed supply. C: have enough tension between the two to create the need for both. which of the following is true about capitalism. A: it was written about by Aristole and Plato. B: it was first described by Adam Smith. C: It is the economy system favored by fascist regime.

Answer 1

Mercantilism was an economic theory or practice that promoted governmental regulation of a nations economy for the purpose of augment state power at the expense of rival national powers ans the best choice is letter B. an example of a command economy

Answer 2

Mercantilism is best described as an example of a command economy. The correct option among all the options that are given in the question is the second option or option "B".

In capitalism supply and demand should accomplish or have enough tension between the two to create the need for both. The correct option among all the options given in the question is option "C".

It was first described by Adam Smith is the statement among the following that is true about capitalism. The correct option among all the options given in the question is option "B".