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14 November, 11:43

A market economy relies on the free market to set pricing through supply and demand. How is mercantilism different than a market economy?

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  1. 14 November, 12:06
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    Mercantilism is the belief in the benefits of profitable trading; commercialism. and a market economy is in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's individual citizens and businesses. There is little government intervention or central planning.
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