A.capitalism
B. Mercantilism
C.market economy
D. Traditional economy
Please I need answers
Plz help me on this
The answer is B. Mercantilism
@ME if u have an issue dont even talk abt like y r u even here then to share the shame u have?
To determine the correct answer, we need to understand the different economic systems. Let's briefly explain each option:
A. Capitalism: In capitalism, the means of production and distribution are owned and controlled by private individuals or corporations. This system promotes free markets, competition, and the pursuit of profits.
B. Mercantilism: Mercantilism is an economic system employed by European countries during the 16th to 18th centuries. It aims to maximize exports while limiting imports through a combination of protectionist policies, colonization, and exploitation of resources.
C. Market Economy: A market economy is characterized by private ownership of goods and services, where prices are determined by supply and demand in a free market. The distribution and allocation of resources are driven by consumer preferences and market forces.
D. Traditional Economy: A traditional economy is based on customs, traditions, and cultural beliefs. It often relies on agriculture, hunting, fishing, and simple barter systems. This type of economy has limited trade and minimal use of technology.
Now, considering these definitions, you can determine the answer to your question. Choose the economic system that best aligns with the characteristics you are looking for.
once again
nobodys handing out answers for free, what is your answer? is called a test or quiz, not "go on a website and ask for answers"
this is to either help you workk through the problem, or check YOUR answers