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A large supply of bullion
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Mercantilist theory asserts that a nation should maintain a balance of payments?
positive
What was the basis of the mercantilist theory of economics?
The idea that the nation could be enriched by controlling trade with colonial markets.
What do mercantilists advocate that a nation do?
A large supply of bullion
What did mercantilist economic theory stipulate?
That nation should lower tariffs an promote free trade so that all might benefit
What is a mercantilist country?
During the period of exploration and colonization, all the major powers were mercantilist nations. The object of mercantilism was to minimize imports that cost the nation money, and maximize exports that made the nation money. Colonies were a means of reducing a country's dependence on foreign nations. Each colony would provide a raw material to the Mother Country and this would allow the nation to not have to purchase that product from another nation. The object was to sell more than you bought.
Mercantilist theory asserts that a nation should maintain a balance of payments?
positive
What was the basis of the mercantilist theory of economics?
The idea that the nation could be enriched by controlling trade with colonial markets.
What do mercantilists advocate that a nation do?
A large supply of bullion
What did mercantilist economic theory stipulate?
That nation should lower tariffs an promote free trade so that all might benefit
What is a mercantilist country?
During the period of exploration and colonization, all the major powers were mercantilist nations. The object of mercantilism was to minimize imports that cost the nation money, and maximize exports that made the nation money. Colonies were a means of reducing a country's dependence on foreign nations. Each colony would provide a raw material to the Mother Country and this would allow the nation to not have to purchase that product from another nation. The object was to sell more than you bought.
How can we advocate global citizenship?
THere is no such thing. EVERYONE is a citizen of SOME nation.
What has the author William F Keller written?
William F. Keller has written: 'The Nation's advocate'
Did the Mercantilist theories caused European nations to abandon their overseas colonies?
Mercantilist theories caused European nations to abandon their overseas colonies.
What did Henry George's landmark economic treatise advocate to deal with economic woes of the nation?
A single tax on land
How can mercantilism be used in a sentence?
"Do you want to be a mercantilist?"
Mercantilist government tried to maximize?
production.
Why were colonies important in the mercantilist system?
The mercantilist system was when the English (and other countries) were expanding and looking for more income or revenue, and founding colonies was a very key way to do that.
