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Mercantilism is the belief that colonies exist for the benefit of the mother country.
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What did mercantilists believe?
They believe in the use of colonies for the benefit of the mother country, otherwise they tip the trade so it benefits the mother country.
What do mercantilists believe?
They believe in the use of colonies for the benefit of the mother country, otherwise they tip the trade so it benefits the mother country.
Why did mercantilists believe that nations should set up over seas colonies?
because. They farted
What do mercantilists advocate that a nation do?
A large supply of bullion
What do mercantilists believe a country should do?
A colony or territory should benefit the "mother" nation. Should be more imports than exports. Hard cash (gold, silver) is most valuable.
What did mercantilists believe?
They believe in the use of colonies for the benefit of the mother country, otherwise they tip the trade so it benefits the mother country.
What do mercantilists believe?
They believe in the use of colonies for the benefit of the mother country, otherwise they tip the trade so it benefits the mother country.
Why did mercantilists believe that nations should set up over seas colonies?
because. They farted
What do mercantilists advocate that a nation do?
A large supply of bullion
What do mercantilists believe a country should do?
A colony or territory should benefit the "mother" nation. Should be more imports than exports. Hard cash (gold, silver) is most valuable.
What basic assumption did mercantilists hold about their colonies?
Lick a nut
Did Mercantilists assume that the colonies only existed to enrich the mother country?
yes
According to mercantilists the prosperity of a nation depended on?
a large supply of bullion, or gold and silver.
What is Mercantilists?
a policy based on on the idea that a country should sell more goods than it buys
How were the physiocrats different from the mercantilists?
physiocrats focused on econimic reforms where as mecantilists focused on expoting more than importing
Mercantilists stated that a country's wealth and strength came from the ability to?
A country's wealth and strength depended on the ability to balance its trade. According to the mercantilists, trade shoud be controlled by the government , a balance should be maintained so that a country would export more goods than import from other countries. A country should exploit national resources - from home or colonial territories. They considered gold -or bullion was considered as all-important in a balanced economy.
What were the people called that thought the world's wealth was finite?
The people who believed that the world's wealth was finite were known as mercantilists. They believed that a country's wealth was determined by the amount of gold and silver it possessed, and that trade surpluses were essential for increasing a nation's wealth.
