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I believe the answer is mercantilism, which emerged during the early sixteenth century in the dawn of the Age of Exploration. Mercantilism is a political and economic policy seeking to advance a state above others by accumulating large quantities of precious metals and by exporting in large quantity while importing in small. http://www.thefreedictionary.com/mercantilism
What else can I help you with?
Which statement about feudal economic system is true?
One thing that can be said about a feudal economic system is that it is more of a barter trade system.
What kind of economic system would the Minoans be working uder today be working under?
What kind of economic system the Minoans would be working under today is still probably trade. All they used to do was trade.
Economic system in which nations develop a favorable balance of trade by exporting more than importing?
balance of trade
How did the government regulation of trade limit economic growth under the system of mercantilism?
It prevented the expansion of trade with other countries.
What are the four types of trade barries?
emigrants, refugees, natural resources and the economic system
What good things came out of the age of exploration?
Trade, knowledge and our modern economic systems
What kind of economic system do Greece have?
they have trade
What is the economic system?
The Economic System are the means by which countries and governments distribute resources and trade goods and services.
What does economic system?
The term "economic system" refers to the method by which trade and business organizations are regulated by the state.
Which statement about feudal economic system is true?
One thing that can be said about a feudal economic system is that it is more of a barter trade system.
The primary motive for European exploration during the Renaissance was?
Economic, the desire for precious metals and new areas for trade.
What was the most direct result of french exploration?
The most direct result of French exploration was the establishment of a vast colonial empire in North America, particularly in regions like Canada and the Mississippi River Valley. This led to significant economic gains through fur trade and the spread of French culture and influence in these territories. Additionally, French exploration contributed to conflicts with other European powers and Indigenous peoples, shaping the geopolitical landscape of the continent.
How did trade influence exploration?
Trade influenced exploration by creating a demand for new goods and resources that were not available locally. This led to the search for new trade routes and markets, prompting explorers to journey to distant lands in search of economic opportunities. Additionally, trade networks and connections established through exploration helped to facilitate the exchange of ideas, cultures, and technologies between different regions.
Which economic system is basedon free trade and cometition?
ideal capitalism
What were the economic reasons behind the exploration and settlement of New France?
I don't really know but I'm guessing its because of the fur trade.
What kind of economic system would the Minoans be working uder today be working under?
What kind of economic system the Minoans would be working under today is still probably trade. All they used to do was trade.
What was one result for exploration?
One result of exploration was the exchange of goods, cultures, and ideas between different regions and civilizations. This led to the development of new trade routes, improved technology, and the spread of knowledge and innovation.
