Megankoziolidn
Answered

From beginner to expert, IDNLearn.com has answers for everyone. Get accurate and timely answers to your queries from our extensive network of experienced professionals.

As imperial powers began turning away from mercantilism, what was the new economic system that did not apply governmental interference and allowed trade unhindered by tariffs?

A. Barter Trade
B. Free Trade
C. Socialism
D. Navigation System

Sagot :

GinnyAnsweridn

Final answer:

Free Trade replaced mercantilism, promoting open markets and reducing governmental interference in international trade.


Explanation:

Free Trade emerged as the new economic system that replaced mercantilism and allowed trade unhindered by tariffs. This approach, advocated by thinkers like Adam Smith, promotes trade liberalization and benefits both individuals and countries. Unlike mercantilism, free trade emphasizes the advantages of open markets and reduced governmental interference in international trade.


Learn more about Economic Systems here:

https://brainly.com/question/39861932


We are happy to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. Your search for solutions ends at IDNLearn.com. Thank you for visiting, and we look forward to helping you again.