The transition from mercantilism to capitalism in Europe involved a shift from a state-controlled economy focused on accumulating gold and silver through trade to a more decentralized system based on free markets and private ownership of capital. This shift allowed for increased competition, innovation, and economic growth in Europe.
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The transition from mercantilism to capitalism in Europe marked a shift from a government-regulated trade system aimed at accumulating wealth to a market-based economy driven by private ownership, competition, and economic freedom. This change enabled greater entrepreneurship, innovation, and prosperity across Europe.
