... a new theory of international trading based on the writings of the economists Adam Smith and David Ricardo. They believed that society benefited from a division of labor and commerce, and free trade benefited consumers in all nations. Mercantilism was the dominant trading policy for the European countries between 15th and 18th centuries. Mercantilism The United States was a direct result of the ... of machines, the electronic manufacturers can design and produce high level electronic products on its own. Plastic and toy industries can apply computer-aided design (CAD) and computer-aided m...

• Word Count: 1977
• Approx Pages: 8
• Grade Level: High School