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a policy based on on the idea that a country should sell more goods than it buys
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What do mercantilists advocate that a nation do?
A large supply of bullion
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
What did the mercantilists believe?
Mercantilism is the belief that colonies exist for the benefit of the mother country.
According to mercantilists the prosperity of a nation depended on?
a large supply of bullion, or gold and silver.
What does the prosperity of a nation depend on to mercantilists?
Mercantilists believed that the prosperity of a nation depended primarily on its accumulation of wealth, particularly in the form of gold and silver. They argued that a favorable balance of trade—exporting more than importing—was essential for national prosperity. Additionally, mercantilists emphasized the importance of government intervention in the economy to protect domestic industries and enhance exports, thus ensuring the nation's economic strength and self-sufficiency.
How were the physiocrats different from the mercantilists?
physiocrats focused on econimic reforms where as mecantilists focused on expoting more than importing
What did a country have to do in order to become wealthy and powerful according to mercantilists?
According to mercantilists, a country had to accumulate wealth primarily through a favorable balance of trade, meaning it should export more goods than it imports. This involved establishing and maintaining strong manufacturing sectors, securing colonies for resources and markets, and implementing protectionist policies to shield domestic industries from foreign competition. Additionally, mercantilists believed that increasing national reserves of gold and silver was essential to bolster a nation’s power and influence.
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.
What did mercantilists believe was necessary for a country to become wealthy and powerful?
Mercantilists believed that to become wealthy and powerful, a country needed to accumulate precious metals, particularly gold and silver, through a favorable balance of trade. They argued that nations should export more than they import, thereby generating trade surpluses. Additionally, mercantilists promoted government intervention in the economy, including tariffs and subsidies, to protect domestic industries and enhance national strength. Overall, they viewed wealth as a zero-sum game, where one nation's gain was another's loss.
Why did mercantilists believe that nations should set up over seas colonies?
because. They farted
