Determine whether each statement best describes capitalism or mercantilism.
It is an economic
system that relies
on a free market.
The government is
in control of the
nation’s economy.
It req

Capitalism is an economic system in which individuals control the means of production. Mercantilism involves government control of the means of production. We shall now check which statements describe the terms given.

Capitalism - it is an economic system that relies on a free market.

Mercantilism - The government is in control of the nation’s economy.

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Determine whether each statement best describes capitalism or mercantilism. It is an economic system that relies on a free market. The government is in control of the nation’s economy. It req

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What is capitalism?

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Determine whether each statement best describes capitalism or mercantilism.
It is an economic
system that relies
on a free market.
The government is
in control of the
nation’s economy.
It req