0
Mercantilism is an economic theory that emphasizes the importance of accumulating wealth, primarily gold and silver, to strengthen national power. It advocates for a positive balance of trade, where a country exports more than it imports, often through government intervention and protectionist policies. Mercantilists believe that national strength is closely tied to economic prosperity, and they support establishing colonies and monopolies to secure resources and markets. This theory dominated European economic thought from the 16th to the 18th centuries.
What else can I help you with?
The dominant economic theory of the late 1700s was?
MercantilismThe answer is Mercantilism
What is the economic theory that supported colonialism?
Mercantilism :)
Did the theory of mercantilism was based on the idea that colonies existed primarily for the economic benefit of the mother country?
(True) that is the theory of mercantilism.
What economic theory says power depends on wealth?
Mercantilism
What is the economic theory of mercantilism?
Mercantilism is an economic theory used by Europe in the late 16th to 18th century that introduced government regulations. It is said to be a brainchild of Adam Smith's book, The Wealth of Nations.
The dominant economic theory of the late 1700s was?
MercantilismThe answer is Mercantilism
What was the Economic theory that supported colonialism?
Mercantilism
What is the economic theory that supported colonialism?
Mercantilism :)
Did the theory of mercantilism was based on the idea that colonies existed primarily for the economic benefit of the mother country?
(True) that is the theory of mercantilism.
What economic theory says power depends on wealth?
Mercantilism
What is the economic theory of mercantilism?
Mercantilism is an economic theory used by Europe in the late 16th to 18th century that introduced government regulations. It is said to be a brainchild of Adam Smith's book, The Wealth of Nations.
Economic theory that it was better for a nation to sell more then it bought?
mercantilism
What economic theory did European nations follow in their creation of colonies?
mercantilism
What statement describes the theory of mercantilism?
The theory of mercantilism is described best as England giving economic favors. these favors were given to some companies and people but not others.
What is the economic theory that it was better for a nation to sell more than it bought?
mercantilism
Economic theory that it was better for a nation to sell more than it bought?
Mercantilism
What economic theory helped define the relationship between England and the colonies?
Mercantilism
