Question

In which of the following economic systems does the government control the pricing of goods? free enterprise system mercantile system supply and demand representative democracy

Answer 1

Mercantile

Definition:

An economic system in which business is highly managed by the government in an effort to gain national wealth.

Answer 2

The correct answer is mercantile system

In the mercantile system, the government chooses what the economic policies would be in order to ensure the growth of the country by force. Free enterprise and supply and demand are not about government control but rather about a free market in which the market regulates itself. Representative democracy is a form of government, not an economic thing.