What is the economic system of mercantilism?

Answer Mercantilism refers to a system of economics that prevailed from the 1500s to the 1700s. Under mercantilism, nations sought to increase exports of their products and restrict foreign goods, filling... Read More »

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What is the U.S. economic system?

The U.S. economic system is the largest in the world as of 2009, with a gross domestic product of roughly $14.2 trillion. Much of this success lies in its limited control of the private sector, pro... Read More »

What is the economic system of mexico?

Mexico has a free-market-based economy. While Mexico has the second largest economy in Latin America, there is great disparity between the rich and poor in the nation bordering the United States.Fr... Read More »

What is a subsistence economic system?

A subsistence economy is one in which people cooperate with nature and one another to obtain the food and shelter they need to survive. This type of economy relies on hunting, farming and building ... Read More »

What is the global economic system?

At the end of World War II, many government officials began to notice the increasing interdependence of the world's economy, where one nation's economic decisions have a great effect on the economi... Read More »