(True) that is the theory of mercantilism.
by restricting the use of foreign shipping for trade between England and its colonies.
Colonies exist to provide raw materials and markets for a colonial power.
There are some similarities between mercantilism and economic nationalism, specifically in the idea that the purpose of the economy is to propel and enhance the power of the nation-state. However, mercantilism holds certain economic beliefs which are not necessary in nationalism, such as the idea of zero-sum world trade and objective value of and desire to collect bullion. So, mercantilism and economic nationalism, while similar, are not the same.
I believe you're slightly confused. Mechantalism was an economic theory that said that for a country to be wealthy and powerful, it had to export more than it important and the colonies were to be founded for the sole purpose of making money for the mother country. Britain founded its American colonies because of this theory.
Mercantilism.
(True) that is the theory of mercantilism.
mercantilism
by restricting the use of foreign shipping for trade between England and its colonies.
Colonies exist to provide raw materials and markets for a colonial power.
There are some similarities between mercantilism and economic nationalism, specifically in the idea that the purpose of the economy is to propel and enhance the power of the nation-state. However, mercantilism holds certain economic beliefs which are not necessary in nationalism, such as the idea of zero-sum world trade and objective value of and desire to collect bullion. So, mercantilism and economic nationalism, while similar, are not the same.
by1600 englands rulers had accepted the idea of mercantilism.colonies and trading post in Asia and America were needed to keep England strong.it is the idea that a countrygains power by building up its supply of gold and silver.but,great Britain controlled the colonies trad according to the ideas of mercantilism
I believe you're slightly confused. Mechantalism was an economic theory that said that for a country to be wealthy and powerful, it had to export more than it important and the colonies were to be founded for the sole purpose of making money for the mother country. Britain founded its American colonies because of this theory.
mercantilism
Under the idea of mercantilism, a country will be economically successful if it has more exports than imports.
good idea!! yes!
phillips phillips: home