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Mercantilism is the economic theory that says that a healthy economy must have a balance between supply and demand. A country must have a good demand for goods, and then be able to fulfill that demand to be prosperous.
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What are the advantages of mercantilism?
balance of trade
What relationship does balance of trade and mercantilism have?
Mercantilism restricts trade to only trading with the mother country.
What was the goal of mercantilism?
creation of a favorable balance of trade
What was one goal of mercantilism?
creation of a favorable balance of trade
Which was an aspect of mercantilism?
An interest in having a favorable trade balance
What are the advantages of mercantilism?
balance of trade
What relationship does balance of trade and mercantilism have?
Mercantilism restricts trade to only trading with the mother country.
Which was a feauture of mercantilism?
seeking a favorable trade balance
What was the goal of mercantilism?
creation of a favorable balance of trade
What was one goal of mercantilism?
creation of a favorable balance of trade
Which was an aspect of mercantilism?
An interest in having a favorable trade balance
What are some of the characteristics of mercantilism?
Merchant related trade
What was the primary objective of mercantilism?
Was to enrich the nation by fostering a favorable balance of trade.
What are some of the essential characteristics of mercantilism?
Merchant related trade
An aspect of mercantilism?
An interest in increasing exportsAn interest in having a favorable trade balance
What is significance of mercantilism?
It was an economic syste which caused an increase in a country's treasury by creating a favorablr balance in trade.
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
