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According to 17th and 18th century mercantilism a country should export in return for?
Wiki User
∙ 11y ago
goods and products, gold and silver
Wiki User
∙ 11y ago
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How can import export and mercantilism be used in a paragraph about the colonies?
use the word import export and mercantilism in a paragerph
What was the most important principle of mercantilism?
The most important principle of mercantilism was to export more than you import when running a nation.
What was the main idea behind mercantilism?
export more goods than are imported
What statement best describes the theory of mercantilism?
export more goods than are imported.
According to classical trade theory a country will export an item?
in which it has a comparative advantage in producing
How can import export and mercantilism be used in a paragraph about the colonies?
use the word import export and mercantilism in a paragerph
What was the most important principle of mercantilism?
The most important principle of mercantilism was to export more than you import when running a nation.
Main concept behind mercantilism is?
to export more than you import
What best describes the theory of the mercantilism?
export more goods than are imported.
What was the main idea behind mercantilism?
export more goods than are imported
What statement best describes the theory of mercantilism?
export more goods than are imported.
According to classical trade theory a country will export an item?
in which it has a comparative advantage in producing
What theory stated that a country's power was measured by the amount of gold and silver it owned?
The theory that stated a country's power was measured by the amount of gold and silver it owned is known as mercantilism. This economic theory was popular in Europe from the 16th to 18th centuries and emphasized the accumulation of wealth through trade surpluses, export promotion, and the acquisition of precious metals.
Is Mercantilism bankrupt theory that has no place in the modern world?
In its purest sense, mercantilism is a bankrupt theory that has no place in the modern world. The principle tenant of mercantilism is that a country should maintain a trade surplus, even if that means that imports are limited by government intervention. This policy is bankrupt for at least two reasons. First, it is inconsistent with the general notion of globalization, which is becoming more and more prevalent in the world. A policy of mercantilism will anger potential trade partners because it will exclude their goods from free access to the mercantilist country's markets. Eventually, a country will find it difficult to export if it imposes oppressive quotas and tariffs on its imports. Second, mercantilism is bankrupt because it hurts the consumers in the mercantilist country. By denying its consumers access to either "cheaper" goods from other countries or more "sophisticated" goods from other countries, the mercantilist country's ordinary consumers suffer.
Whice country bangladeshi nakshi katha export?
who country export nakshi katha
Peru country export out of their country?
yes
Which country's largest export is cocaine?
Colombia. It has 90% export of cocaine.
