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Mercantilism and Capitalism
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Transcript
First of all we need to know:
What is mercantilism?
- What is capitalism?
What's the difference?
- And what do they have in common?
Mercantilism and Capitalism
First, we'll start off with...
- Mercantilism is an economic system where the power of a nation is based on its wealth.
- The U.S. government has ideas of mercantilism.
Some examples of mercantilism are:
- State interventions
- Quotas
- And tarrifs
- It was developed during the decay of feudalism in order to unify and increase the power of monetary wealth of a nation.
Next, we need to know...
What Is Capitalism?
- Capitalism is an economic system where the recourses are characterized by private or corporate ownership of capital goods, investments that are determined by private decision, and by the distribution of goods, prices, and production that are determined by free market competition.
- The U.S. today is a capitalist country.
- Some examples of capitalism are:
Supply and demand
And speculation
- New York City is also a big example of capitalism.
- What's the difference?
- And how are they alike?
Now it's time to compare and contrast them.
What
Makes Them Different?
Do They Have In Common?
Mercantilism
Capitalism
- Power based on wealth
- Tarrifs
- Quotas
- State intervention
- Speculation
- Supply and demand
- Free market
- Privatly owned resources
- Trade with other countries
- Prices
- Money
- Investments
- Ownerships
What Is Mercantilism?
So know we know what mercantilism and capitalism are, we need to know...
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