Determine whether each statement best describes capitalism or mercantilism.
it is an economic
system that relies
on a free market.
the government is
in control of the
nation’s economy.
it requires a nation
to export goods
worth more than the
goods it imports.
the government
doesn’t get
involved with the
economy.

The correct answer is the following.

The correct matches are:

It is an economic system that relies on a free market: Capitalism.

The government is in control of the nation’s economy: Mercantilism.

In requires a nation to export goods worth more than goods is imports: Mercantilism.

The government doesn’t get involved in the economy: Capitalism.

Mercantilism was the economic system used from the 16th to the 18th century. Europeans governments accumulated as much wealth as they could because they considered that wealth has a limit. The government imposed economic regulations in its producti activities. Capitalism is the economic system that supports companies doing business to generate earnings and promote the economy of a nation. Capitalism believes in free trade and the non-intervention of the government.

the award is named for an american naval historian and theorist, rear admiral alfred thayer mahan, united states navy who, through his writing, provided stimulus and guidance to those who share in the defense of the nation.