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export more goods than are imported.
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What statement describes the theory of mercantilism?
The theory of mercantilism is described best as England giving economic favors. these favors were given to some companies and people but not others.
What statement best describes the theory of mercantilism?
export more goods than are imported.
Which term best describes the practice of creating wealth from colonies?
Mercantilism
What statement best describes the concept of mercantilism?
Controlling trade is a key to increasing power.
What best describes the economic policy of mercantilism?
Colonies creating wealth for the mother country.
What best support the theory of mercantilism?
Colonies do not contribute to the economic success of Great Britain
Which term best describes the practice of creating and maintaining wealth by carefully controlling trade?
Mercantilism
Best theory that supports mercantilism?
The best theory that supports mercantilism is the "Balance of Trade" theory, which posits that a nation's wealth and power are best served by maximizing exports and minimizing imports. This theory emphasizes the importance of accumulating precious metals, such as gold and silver, through a favorable balance of trade. Mercantilism advocates for government intervention to protect domestic industries and promote exports, reinforcing the idea that national prosperity is achieved through a strong trade surplus.
What statement best supports the theory of mercantilism?
Colonies do not contribute to the economic success of Great Britain
The dominant economic theory of the late 1700s was?
MercantilismThe answer is Mercantilism
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.
What theory best describes the moon origin?
Presently, the ejected ring theory best describes the origin of moon.
