What Were the Principle Doctrines of Mercantilism, and How Do

question 6

Essay

What were the principle doctrines of mercantilism, and how do they differ from those of capitalism?

---

Definitions:

Personal Savings

Funds that an individual has set aside for future use, not currently engaged in any investment or immediate consumption.

Learn from Failure

The process of gaining insight and growth from mistakes, rather than viewing them as purely negative experiences.

Angela Lee Duckworth

A psychologist known for her research on grit and perseverance, emphasizing the importance of passion and persistence for long-term goals over raw talent.

West Point Whole Candidate Score

A composite score used by the United States Military Academy (West Point) for evaluating applicants, combining academic achievement, leadership experience, physical aptitude, and other factors.