All Subjects
Light
collapse
Practice Quizzes
AP European History
Unit 3 – Absolutism and Constitutionalism
Topic 3.4
What distinguishes laissez-faire economics from mercantilism?
Laissez-faire favors agricultural production; mercantilism prefers manufacturing.
Laissez-faire advocates for minimal government intervention in the economy, while mercantilism supports strong state control.
Laissez-faire promotes high tariffs on imports; mercantilism encourages free trade.
Laissez-faire supports colonization for wealth accumulation; mercantilism doesn't.
Related content
Practice quizzes
Practice this subject
Practice this unit
Practice this topic
Study guides (1)
AP European History - 3.4 Economic Development and Mercantilism
Key terms
Laissez-faire Economics
Mercantilism
About Us
About Fiveable
Blog
Careers
Testimonials
Code of Conduct
Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
Report an Issue
Stay Connected
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
About Us
About Fiveable
Blog
Careers
Testimonials
Code of Conduct
Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
Report an Issue
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
Back
Practice Quiz
Guides
Glossary
Guides
Glossary
Next
