1. Mercantilism: Mercantilism is an economic ideology that emphasizes the value of a nation's exports over imports and advocates for protectionist policies to increase a country's wealth and power. It promotes strict government control over the economy, such as setting tariffs and quotas to boost exports and restrict competition from foreign goods. An example of a state implementing mercantilist policies in history is France during the reign of Louis XIV. The French government focused on protecting domestic industries, encouraging exports, and accumulating gold and silver reserves.

2. Liberalism (economic): Economic liberalism, also known as free-market capitalism, is an ideology that prioritizes individual freedoms and limited government intervention in the economy. It promotes the principles of free trade, free markets, and private property, with the aim of fostering economic growth and increasing prosperity. The United States is often seen as an example of a state following economic liberalism due to its emphasis on market competition, minimal government interference, and promotion of entrepreneurship and innovation.

3. Marxism: Marxism is a socio-economic ideology developed by Karl Marx, focusing on the struggle between different social classes. It argues that capitalism inherently creates exploitation and inequality, advocating for the abolition of private property and the establishment of a classless society through workers' revolution. A prominent example of a state influenced by Marxism is the Soviet Union under communist rule. The Soviet government aimed to eliminate private ownership of means of production, promote collective ownership, and centrally plan the economy to achieve the principles of Marxism.

Got a question with my answer?

Message Me

Cheapmath.com is completely free!

Asking question is free. Getting answers is free.

+99

Continue