Mercantilism
mercantilism
The theory is called "plutocratic theory", which characterizes a plutocracy.
A state's power depended on its wealth.
wealth
World cities
Mercantilism
mercantilism
The theory is called "plutocratic theory", which characterizes a plutocracy.
A state's power depended on its wealth.
wealth
Conflict theory is the theory that is oriented toward the economic and political interests of those who are in power. The person or people in charge are those with the most social and economic resources.
World cities
World Cities
Economic Theory
Economic, military, and government leaders
Spain's economic power in the 16th century was the direct result of it's military power which in turn was paid for by the wealth of the New World.
economic growth and new wealth changed business in Europe because more people had wealth, they started buying more manufactured goods