What is Capitalism??
Or Mercantilism?
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May I suggest you look them up at least before asking?
Anyway, I'm feeling rather generous today so I will do it for you:
(short definitions)
In common usage capitalism refers to an economic system in which all or most of the means of production are privately owned and operated, and where investment and the production, distribution and prices of commodities (goods and services) are determined by the influence of supply and demand in a market, rather than by the state or the collective. Those in control of the means of production generally run them for monetary profit.
Mercantilism is the economic theory that a nation's prosperity depends upon its supply of capital and that the global volume of trade is unchangeable. The amount of capital, represented by bullion (amount of precious metal hold by the states), is best increased through a favourable balance of trade with large exports and low imports. Mercantilism suggests that the government should advance these goals by playing an active, protectionist role in the economy by encouraging exports and discouraging imports, especially through the use of tariffs. The economic policy based on these ideas is often called the mercantile system.
Armando wrote:May I suggest you look them up at least before asking?
I told you we needed something like this:
[IMG]http://i7.photobucket.com/albums/y281/ShirtNinja101/Stuff%20for%20fourms...
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These are the Forum Rules,
mak
thank you so much,, i had to redo a 3 papers for the dreadful AP class and the teacher wanted my class to redo these 3 things by tomorrow!! What a drag!! Now I'm working on a FRQ question! I do appreciate your help and am willing to help anyone else that needs it. Thanks again