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What is the economic theory that it was better for a nation to sell more than it bought?
Wiki User
∙ 15y ago
mercantilism
Wiki User
∙ 15y ago
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Economic theory that it was better for a nation to sell more then it bought?
mercantilism
Economic theory that it was better for a nation to sell more than it bought?
Mercantilism
What is the economic theory that a nation became strong by expanding trade finding gold and setting up colonies?
Mercantilism Skinny Pimp
What did mercantilist economic theory stipulate?
That nation should lower tariffs an promote free trade so that all might benefit
What is economic theory another name for?
An economic theory is a theory that has to do with the production, distribution and consumption of goods and services.
When was An Economic Theory of Democracy created?
An Economic Theory of Democracy was created in 1957.
When was Journal of Economic Theory created?
Journal of Economic Theory was created in 1969.
When was Society for the Advancement of Economic Theory created?
Society for the Advancement of Economic Theory was created in 1991.
What can economic theory contribute to managerial economicswilliam j baumol?
what does economic theory contribute to managerial economics
What is Mercatalism?
An economic theory/philosophy in which the economic success of a sovereign nation depends upon the increase of its capital (total goods owned). Key Points of Mercantilism * More exports than imports * Protectionism * High tariffs (trade taxes)
What do critics of dependency theory claim?
critics of dependency theory says that any nation that has stopped imports items to its country has lessen the competition and to improve work for better services which is rendered to customers.
Adam smith developed the theory of what in 1776?
Absolute Advantage - an economic theory that holds when a nation can produce a certain type of good more efficiently than others countries, it will trade with countries that produce other goods more efficiently.
