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According to mercantilism principles what were the two ways a nation could increase their wealth?
The object of mercantilism was to increase the wealth of the Mother Country.
According to 17th and 18th century mercantilism a country should export in return for?
goods and products, gold and silver
According to the theory of mercantilism a country has a favorable balance of trade when?
the value of exports is greater than the value of imports
What relationship does balance of trade and mercantilism have?
Mercantilism restricts trade to only trading with the mother country.
What is mercantilism main goal?
Under the idea of mercantilism, a country will be economically successful if it has more exports than imports.
According to mercantilism principles what were the two ways a nation could increase their wealth?
The object of mercantilism was to increase the wealth of the Mother Country.
According to 17th and 18th century mercantilism a country should export in return for?
goods and products, gold and silver
According to the theory of mercantilism a country has a favorable balance of trade when?
the value of exports is greater than the value of imports
What relationship does balance of trade and mercantilism have?
Mercantilism restricts trade to only trading with the mother country.
The belief that colonies exist to benefit the economy of the mother country is known as?
Mercantilism. Held in the early days of settelment of the americas.
What is colonialism and mercantilism?
It refers to a country that attack on other weak country
What is mercantilism main goal?
Under the idea of mercantilism, a country will be economically successful if it has more exports than imports.
What country use the mercantilism?
Europe, America, and Asia.
Did the theory of mercantilism was based on the idea that colonies existed primarily for the economic benefit of the mother country?
(True) that is the theory of mercantilism.
How did navigation support the system of mercantilism?
The main idea behind mercantilism is that you want more exports than imports (more money coming into your country than going out of your country).
How was the system of mercantilism enforced by England?
The system of mercantilism was properly enforced by England. This can be attributed to the structures that have been put in place in the country.
What term describes a country's desire to accumulate gold?
Mercantilism
