Question

What kind of economy did all the countries have until the 18th century?​

Answer 1

Explanation:

The economic system of this era was merchant capitalism. The core of this system was in merchant houses, backed by financiers acting as intermediaries between simple commodity producers. This system continued until it was supplanted by industrial capitalism in the 18th Century.

Answer 2

$\huge \bold \red{ \: Mercantilism\: }$

Mercantilism was an economic system of trade that spanned from the 16th century to the 18th century. Mercantilism was based on the idea that a nation's wealth and power were best served by increasing exports and so involved increasing trade.