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What is the relationship between imports and exports in a mercantilist economic system?

In a mercantilist economic system, the relationship between imports and exports is characterized by a focus on achieving a favorable balance of trade. Mercantilists believe that a nation should maximize its exports while minimizing imports to accumulate wealth, particularly in the form of precious metals. This often leads to protectionist policies aimed at reducing imports and promoting domestic production. Ultimately, the goal is to enhance national power and economic self-sufficiency.


How did the economy of thhe southern states lead to the civil war?

The success of the cotton trade led the South to feel strong enough to form a separate nation. The tariffs on imports had set up a lot of resentment over the years, as it was the non-industrial South that needed the imports.


Why are there tariffs on imports?

Tariffs are usually a form of punishment towards anther country. When the Chinese joined the Nazis for example America put a tariff on oil.


Why did the nations of the world establish high tariffs on imports during the 1930s?

They were trying to reduce the rates of unemployment in their respective countries during the great depression. By establishing high tariffs on imports, the idea went, they could protect domestic manufacturers form foreign competition and thus save jobs and protect native industry.


How is gas supply?

natural gas is supplied by the pipelines from the source where it is refined to homes industries and factories. it is compressed by high prssure to form CNG which is used as an idle fule for automobiles.

Related Questions

What is the plural possessive for factory?

The plural form of factory is factories.


Is rubber eraser made out of steel?

No. It is "rubber" or a synthetic form of it. That is why it is called a rubber eraser and not a steel eraser.


What elements are in a rubber band?

Rubber is actually made from latex which is a form of silicon. Rubber bands are a polymer that can be stretched.


Most African Americans who moved to the north form the south found?

Jobs on railroads or in factories


What is a form of government in which farms and factories owned by the government?

Communism.


How do you spell the plural form of factory?

Factories is the plural of factory.


Is newton a dependent variable?

Any form of numerical measurement can be a dependent variable (or an independent one).


What is unvulcanized rubber?

It is rubber from its original form. It has not been melted down, processed into other things.


What word is when linked to head wagon and rubber can form compound word?

The word you are looking for is "band", which, when linked to the words head, wagon, and rubber, can form compound words such as headband, wagon band, and rubber band.


What form of energy stretched rubber bands?

Elastic potential energy is the form of energy stored in stretched rubber bands. When a rubber band is stretched, it stores potential energy that can be released when it returns to its original shape.


What was foam rubber first made out of?

Foam rubber was originally made out of latex. More recently another form of foam rubber made out of polyurethane is also used alongside the latex form and sold commercially.


What is a rubber band?

A rubber band is a thin piece of rubber that has been sealed to form a band. People have been using rubber bands for different purposes for over 150 years.