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Question
question 18 of 24
which of the following economic practices that existed under mercantilism would not exist under capitalism?
a. consumers choose between two different hat makers in the same town.
b. merchants sell or trade surplus goods to realize a profit.
c. manufacturers force laborers to work long hours for low pay.
d. governments own and control land and raw materials in colonies.
Brief Explanations
- In mercantilism, governments often controlled colonial resources (land, raw materials) to benefit the mother country.
- Capitalism is based on private ownership and free - market principles, so government ownership and control of colonial resources as in mercantilism does not fit.
- Option A: Consumer choice between products is common in capitalism.
- Option B: Merchants seeking profit through surplus goods is a capitalist - like behavior (profit - seeking).
- Option C: Exploitative labor practices can still occur in capitalism (e.g., early industrial capitalism had similar issues).
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D. Governments own and control land and raw materials in colonies.