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What theory stated that a country's power was measured by the amount of gold and silver it owned?
Wiki User
∙ 11y ago
mercantilism
Wiki User
∙ 11y ago
The theory that stated a country's power was measured by the amount of gold and silver it owned is known as mercantilism. This economic theory was popular in Europe from the 16th to 18th centuries and emphasized the accumulation of wealth through trade surpluses, export promotion, and the acquisition of precious metals.
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juhari
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