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A requirement for mercantilism is an active Government policy aimed at creating a positive trade balance for their own country: that is, simply said, earning more money by selling and exporting goods than spending money on imported goods from other countries. Importing goods is only 'good' in mercantilism if you can sell them on to other countries at a profit. That is the reason that some countries tried to 'corner' markets such as the sugar market, the spices market, the grain market etc.
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What are the principles of mercantilism?
Principles of mercantilism are that the government must encourage exports that will bring in more gold or silver and discourage imports. Also, manufacturers should be the choice for exports because increased value from labor and monopoly will occur.
What was a characteristic of the policy of mercantilism followed by spanish colonial rulers in latin America?
The coloies were required to provide raw materials
How did the physiocrats feel about mercantilism?
They hated the mercantilism
What is a good sentence for mercantilism?
mercantilism was eventually replaced by capitalism
How is capitalism different from mercantilism?
Capitalism is an economic system. Mercantilism is trading.
What are the principles of mercantilism?
Principles of mercantilism are that the government must encourage exports that will bring in more gold or silver and discourage imports. Also, manufacturers should be the choice for exports because increased value from labor and monopoly will occur.
What was a characteristic of the policy of mercantilism followed by spanish colonial rulers in latin America?
The coloies were required to provide raw materials
How did the physiocrats feel about mercantilism?
They hated the mercantilism
What are the conditions required for osmosis to occur?
The following conditions are required for osmosis to occur: 1) A selectively-permeable membrane 2) Concentration difference
Why is energy required in passive transport to occur?
Energy is not required for passive transport.
What is required in order for petrifaction to occur?
Condensation
What is a good sentence for mercantilism?
mercantilism was eventually replaced by capitalism
What components are required to make dehydration synthesis occur?
no
What is required for combustion to occur?
oxygen
What energy is required for a reaction to occur?
Activation energy
How is capitalism different from mercantilism?
Capitalism is an economic system. Mercantilism is trading.
The dominant economic theory of the late 1700s was?
MercantilismThe answer is Mercantilism
