Question

can someone make me understand capitalism and mercantilism please? detials and differences too.
I will mark as brainliest
no irrevalant answers please​

Answer 1

Answer:

Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society. The essential feature of capitalism is the motive to make a profit.

Mercantilism is an economic practice by which governments used their economies to augment state power at the expense of other countries. Governments sought to ensure that exports exceeded imports and to accumulate wealth in the form of bullion (mostly gold and silver).

Answer 2

Answer:

hi upasana..where are you