What is Capatilism and Mercantilism???

Answer 1

Capitalism is an economic system in which the means of production are owned mostly privately, and capital is invested in the production, distribution and other trade of goods and services, for profit in a competitive free market. These include factors of production such as land and other natural resources, labor and capital goods. Various theories have tried to explain what capitalism is, to justify, or critique the private ownership of capital, and to explain the operation of markets and guide the application or elimination of government regulation of property and markets.

Mercantilism is the economic theory holding that the prosperity of a nation depends upon its supply of capital, and that the global volume of trade is "unchangeable." The amount of capital, represented by bullion (amount of discouraging imports, especially through the use of tariffs. The economic policy based upon these ideas is often called the mercantile system.

Mercantilism was the dominant school of economics throughout the early modern period (from the 16th to the 18th century, which roughly corresponded to the emergence of the nation-state). Domestically, this led to some of the first instances of significant government intervention and control over the economy, and it was during this period that much of the modern capitalist system was established. Internationally, mercantilism encouraged the many European wars of the period, and fueled European imperialism, as the European powers fought over "available markets". Belief in mercantilism began to fade in the late 18th century, as the arguments of Adam Smith, and the other classical economists won favor in the British Empire among such advocates as Richard Cobden and to a lesser degree in the rest of Europe with the notable exception of Germany where the Historical school of economics was favored throughout the 19th and early 20th century. Interestingly, the once former British colonies, the United States of America did not adhere to classical economics but to what is called the "American School" (a form of neo-mercantilism) in the policies of Hamilton, Clay, Lincoln and later Republican Party economic practices, that were mirrored in the policies of the Historicists in Germany by such economists as Friedrich List, until the emergence of the New Deal and the modern era. Today, mercantilism as a whole is rejected by many economists, though some elements are looked upon favorably by a some economists including Ravi Batra, Pat Choate, Eammon Fingleton, and Michael Lind.

Answer 2

Captilism is free enterprize where you keep what you earn. And can only be paid for doing what someone else wants it is based on service to your fellow man.

Mercantilism is when the government gets involved to pick winners and losers. Certain Industries are chosen as winners such as steel producers and railroads. Taxes are levied on imports of steel to protect the steel producers and the proceeds are spent on transportation projects that benefit the steel producers, such as railroads, canals, and roadways.

Answer 3

nicely? i will think of of a few reasons, yet none of them ultimately real for what organic capitalism and loose marketplace economics actual could stand for. enable me positioned it to you this way ! in history it replaced into shown that adult adult males won't paintings in the event that they dont could, in the event that they are fed no rely what. this made capitalism greater wealthy than the socialism it replaced into. ! precise now the statistics say that 30 million all of us is on welfare and don't paintings. some say its as intense as eighty million. meaning the different 220 million all of us is paying taxes to feed people who won't paintings. many cant paintings or are disabled. in usa it is think approximately actual attempting to stay with. yet 30% of welfare circumstances are frauds, which makes government workers the two theives or immigrants accountable of stealing from american tax payers. that mentioned, the reason usa has been the main wealthy united states of america is via the fact people believed in being industrious and that they believed the old-shaped american dream that folk can get wealthy in the event that they worked difficult and worked smarter. what makes capitalism evil is whilst the real capitalist replace into "traitors" to the american people and then replace into robber barrons and oppress their very own workers with inflationary wages that don't supply people the american dream. whilst the wealthy thieve from the unfavourable to feed their very own greed and lust for power and earnings, then capitalists are merely as evil as any communist dictator or tyrrant or despot. there are six families in the international immediately that are accountable of treason against usa. that i know of. the rockefellers and the the rosevelts, the morgans and the fairchilds. are all enemies of the american people, they are evil, in each little thing they do. IMO

Answer 4

Capitalism is making profit off of goods merchantilism is a bartering system where you trade equal goods and services for no profit.

Answer 5

mercantilism is when exports and imports are controlled