The Difference Between Mercantilism and Feudalism Is That Under Mercantilism

question 18

Multiple Choice

The difference between mercantilism and feudalism is that under mercantilism:

• A) merchants played a more important political role than kings.
• B) the invisible hand played a more important role than the government.
• C) nation-states ruled by kings who coordinated the economic activity emerged.
• D) economic rather than social and political forces made the central economic decisions.

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Definitions:

Individualism

Giving priority to personal goals rather than to group goals; emphasizing values that serve the self, such as feeling good, striving for personal distinction and recognition for achievement, and asserting independence.

Interdependence

The mutual reliance between two or more entities, where each is dependent on the other for certain needs or outcomes.

Independence

The state of being self-reliant and free from external control or support.

Emphasize Individual

To give priority or special attention to the needs, rights, or characteristics of individual people.