asked 128k views
3 votes
What is the one commonality between capitilsm and mercantilism?

1 Answer

4 votes
Capitalism is the process selling goods & services for profit to buy goods & services. Mercantilism is the process of buying raw materials and transforming them into a manufactured good.

Mercantilism works in Capitalism, as both buy and sell goods. But Mercantilism specifically buys goods to recreate or process them for a product and sell it for profit.



Related questions

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.