A country must import more goods than it exports to maximize profits
Colonies do not contribute to the economic success of Great Britain
The theory of mercantilism is described best as England giving economic favors. these favors were given to some companies and people but not others.
export more goods than are imported.
export more goods than are imported.
The best theory that supports mercantilism is the "Balance of Trade" theory, which posits that a nation's wealth and power are best served by maximizing exports and minimizing imports. This theory emphasizes the importance of accumulating precious metals, such as gold and silver, through a favorable balance of trade. Mercantilism advocates for government intervention to protect domestic industries and promote exports, reinforcing the idea that national prosperity is achieved through a strong trade surplus.
Colonies do not contribute to the economic success of Great Britain
Society is composed of interrelated parts that work to maintain society's cohesion
Mercantilism is an economic theory that emerged in the late Middle Ages and dominated European thought from the 16th to the 18th century. It posits that a nation's wealth and power are best served by increasing exports and accumulating precious metals, such as gold and silver. Under this theory, governments actively regulate the economy through protectionist policies, such as tariffs and subsidies, to enhance national self-sufficiency and minimize imports. Ultimately, mercantilism emphasizes the importance of a favorable balance of trade as a means to achieve national prosperity.
According to this theory, humans are motivated by either a primary or secondary drive that needs to be satisfied to re-establish homeostasis.
Mercantilism was an economic theory prevalent in the 16th to 18th centuries that promoted government intervention in the economy to increase a nation's wealth through exporting more than importing, accumulating gold and silver, and maintaining a favorable balance of trade. It emphasized protectionist policies like tariffs and subsidies to support domestic industries and create a strong, self-sufficient economy.
Very few cells reproduce. that's the best answervery few cells reproduce
Colonies were allowed to trade only with the home country under the theory of mercantilism. This economic policy emphasized that a nation's strength was directly related to its wealth, which was best achieved through a favorable balance of trade. By restricting colonial trade to the home country, mercantilism aimed to ensure that the economic benefits flowed back to the mother nation, enhancing its power and resources.