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Mercantilism was driven by the belief that a country's wealth and power depended on accumulating precious metals through a favorable balance of trade. Governments implemented policies such as tariffs, subsidies, and monopolies to protect domestic industries and promote exports. This led to economic competition and conflict among nations vying for resources and markets.

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Q: What are the political factors of mercantilism?
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What are the political factors that influence the development of the code of ethics?

Political factors that influence the development of a code of ethics may include government regulations, political ideologies, lobbying efforts by interest groups, and the influence of political stakeholders. These factors can shape the values, principles, and standards included in the code of ethics to align with prevailing political interests and agendas.


What are examples of political factors?

Examples of political factors include government stability, policy decisions, political stability, and regulatory changes. These factors can directly impact businesses by influencing economic conditions, trade relations, and market regulations.


Demographic factors such as race ethnicity or region help define political opinion in a process known as political?

Demographic factors help shape political opinion through a process known as political socialization, where individuals adopt political beliefs and values based on their background. Factors like race, ethnicity, and region can influence how individuals view issues and candidates due to differing experiences and perspectives within these groups. These demographic characteristics can also affect political behavior and voting patterns.


What is the Cause of Political corruption?

Political corruption can be caused by a variety of factors, including lack of transparency, weak institutions, concentration of power, greed, and lack of accountability. Additionally, factors such as impunity for wrongdoing, political polarization, and lack of oversight can contribute to a culture of corruption in politics.


What are political scientist uses political models to describe the political?

Political scientists use political models to simplify and explain complex political processes, relationships, and behaviors. These models help them make predictions, analyze data, and understand the impact of various factors on political outcomes. By using models, political scientists can develop theories and test hypotheses that contribute to a deeper understanding of politics.

Related questions

What factors gave rise to mercantilism in Europe?

political, cultural, religious, and economic factors


Distinguish between mercantilism and cameralism?

The differences between mercantilism and cameralism are highlighted by the varying political realities in Western and Central Europe.


How did mercantilism and social political inequalities provoke resentment in American revolution?

Idk 😐


What are the Political factors in Organisations?

Political factors that could influence a business organisation? Political factors: Changes in local, national or international


What was the basic economic and political theory that the 16th and 17th century European powers governed their overseas colonies with?

Mercantilism.


Basic economic and political theory by which seventeenth and eighteenth century European powers governed their overseas colonies?

mercantilism


The basic economic and political theory by which seventeenth- and eightennth- century European powers governed their overseas colonies?

mercantilism


The concept of mercantilism is best illustrated by?

Between 1600 and 1800 most of the states of Western Europe were heavily influenced by a policy usually known as mercantilism. This was essentially an effort to achieve economic unity and political control.


How is the concept of mercantilism best illustrated?

Between 1600 and 1800 most of the states of Western Europe were heavily influenced by a policy usually known as mercantilism. This was essentially an effort to achieve economic unity and political control.


Why did the kings and queens pursue mercantilist policies?

Because mercantilism was an economic and political theory emphasizing money as the chief source of wealth


What are the political factors that influence the development of the code of ethics?

Political factors that influence the development of a code of ethics may include government regulations, political ideologies, lobbying efforts by interest groups, and the influence of political stakeholders. These factors can shape the values, principles, and standards included in the code of ethics to align with prevailing political interests and agendas.


What is mercantilism all about?

Mercantilism is the theory and practise of political economy in Europe after the decline of feudalism, based on national policies of accumulating gold, establishing colonies and a merchant marine fleet, and developing industry and mining to attain a favourable balance of trade.