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 economic system is used in the USA?

The United States is a market-oriented economy. According to Auburn University's "Glossary of Political Terms," a market economy is one that is regulated by the laws of supply and demand, rather th... Read More »

What economic system does Canada have?

One of the world's wealthiest nations, Canada has a market-oriented economic system. With vast natural resources, Canada plays a significant role in international trade. The U.S. is its principal t... 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 »