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Do you advocate or oppose the mercantile system? Why do you feel this way?

a) I advocate the mercantile system because...
b) I oppose the mercantile system because...
c) I have no opinion on the mercantile system.
d) I need more information to decide.

User Domusvita
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1 Answer

7 votes

Final answer:

I advocate the mercantile system because Mercantilism sought to strengthen nations through wealth accumulation and governmental regulation. A key difference between mercantilism and capitalism is the level of government involvement in trade and the economy. The correct answer is A.

Step-by-step explanation:

Mercantilism, a economic system practiced during the 16th to 18th centuries, aimed to strengthen a nation by increasing its wealth, population, and shipping capabilities. It focused on accumulating gold and silver through a favorable trade balance. The government played a prominent role in promoting domestic manufacturing, monopolizing trade, and encouraging population growth.

One key difference between mercantilism and capitalism is that mercantilism typically supports greater governmental regulation than capitalism. Under mercantilism, the government took an active role in regulating trade and the economy to promote its interests. On the other hand, capitalism emphasizes a free-market system with minimal government intervention. The correct answer is A.

User Privatehuff
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