answersLogoWhite

0

Mercantilism is an economy theory practice that is based on the belief that capital and world trade was a fixed system. This was the belief that there were limited quantities of products available for use around the world. This is not a practice that is commonly used today.

User Avatar

Wiki User

11y ago

What else can I help you with?

Trending Questions
What describes the effect of outsourcing on the labor market in the United States? What selling point would you use if you were to sell our product to our potential customers? What happens to demand for normal and inferior goods when there is a decrease in your income? If you got paid 35 dollars and hour how much would you make? Understand how global trade affects a regional economy? Why do you need to study corporate social responsibility? What does the abbreviation CTG stand for in real estate? Why do economic descisions vary from person to person even under the same circumstances? What are securities that are expected to increase in value emphasizing growth over income? What did a loaf of bread cost in 1985? What effect on SUPPLY do trade barriers have? When market governments decide how to distribute wealth money goods and services what basic economic question are they answering? Why always Indian have deficit budget? What is the basis for wage increase? Which if these events can affect a nations economy? What economic system favors decisions by consumers but allows for some central planning? How much does an acre of land cost in Ontario Canada? The staggering cost of alcohol related collisions are greater than the gross national income gni of the 150 nations for which gnp is calculated? How can the presence or absence of natural resources and arable land affect a nation's economy regardless of the type economic system? Why do we perform all the MRP processing for one level before going to the next-lower level?