This type of state culminated with the rise of mercantilism
absolutist
This type of economic theory was based on the amount of precious metals a country had
bullionism
Dominant social system in medieval Europe
feudalism
Attempt by the governemnt to standardize agriculture but was unsucessful(China)
collectivization
The holder of the land in a feudal system
vassals
The laborer bound to the land in a feudal state
serf
This type of economic system originated in the Roman Empire
manorialism
Political theory created by Karl Marx
communism
This economic theory was prevalent during the age of exploration
mercantilism
Mercantilism encouraged this type of trade
international trade
Mercantilism perhaps found its greatest supporter in this country
France
(two words) Instead of lassiez-faire, governments control economies by doing this
set prices
in mercantilism a country wants to maximize this
exports
assigns production goals in a command economy
government
Combines the elements of a command and market economies
mixed economy