Mercantilism vs capitalism

The main difference between capitalism and mercantilism is the role of government. Capitalism typically functions without government intervention, while mercantilism involves government regulation.

Capitalism is an economic system in which private owners control the country&#;s trade and industry, rather than by the state, while mercantilism is an economic theory and practice that advocates governmental regulation of the nation&#;s economy to generate wealth and augment national power.

But, both are economic systems based on profit. However, there are several differences between capitalism and mercantilism.

Key Areas Covered

1.

Similarities between capitalism and mercantilism

What is Capitalism 
     – Definition, Features
2. What is Mercantilism
     – Definition, Features
3. Difference Between Capitalism and Mercantilism
     – Comparison of Key Differences

Key Terms

Capitalism, Mercantilism

What is Capitalism?

Capitalism is an economic system in which individuals and businesses own the factors of producti