Mercantilism is another name given to the version of capitalism that has emerged in the globalized world of the 21st century.

Name: Mercantilism is another name given to the version of capitalism that has emerged in the globalized world of the 21st century.
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Mercantilism was a economic theory prevalent in Europe during the 16th to 18th centuries, which emphasized government intervention in trade to increase wealth and power. It is not another name for the version of capitalism in the 21st century.

Mercantilism Is Another Name Given to the Version of Capitalism