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Colonies do not contribute to the economic success of Great Britain
What else can I help you with?
Which statements best support the theory of mercantilism?
A country must import more goods than it exports to maximize profits
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 best describes the theory of the mercantilism?
export more goods than are imported.
What statement best describes the theory of mercantilism?
export more goods than are imported.
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 was the Economic theory that supported colonialism?
Mercantilism
What is the economic theory that supported colonialism?
Mercantilism :)
What statemet best supports the theory of mercantilsim?
The statement that best supports the theory of mercantilism is that a nation's wealth and power are best served by increasing exports and accumulating precious metals, such as gold and silver. Mercantilism emphasizes the importance of a favorable balance of trade, where exports exceed imports, thereby boosting national wealth. This economic theory prioritizes state intervention and regulation to promote domestic industries and protect national interests.
What are some of the traditional international trade theories that support the concept of globalization?
No one theory alone can describe the pattern of international trade. Together, the theories of Free Trade, Life-Cycle, Mercantilism, Heckscher0Ohlin, New Trade and Porter's Theory support the concept of globalization.
