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Mercantilism

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What is the theory that a state or nations power depends on its wealth?

mercantilism


The theory that a states power depends on its wealth is called?

Mercantilism


The theory that sees wealth as the basis of power is?

The theory is called "plutocratic theory", which characterizes a plutocracy.


According to the theory of mercantilism a nation's power is based on its?

wealth


What was the economic policy of mercantilism.?

A state's power depended on its wealth.


What theory is oriented toward the economic and political interests of those in power?

Conflict theory is the theory that is oriented toward the economic and political interests of those who are in power. The person or people in charge are those with the most social and economic resources.


The most important centers for economic power and wealth are?

World Cities


The most important centers for economic power and wealth are what?

World cities


Whose theory stated that a nations power is measured by its gold reserves?

Economic Theory


What theory holds that a nation's power depended of expanding its trade?

The theory that holds that a nation's power depends on expanding its trade is known as mercantilism. This economic doctrine, dominant from the 16th to the 18th century, posits that a nation's wealth and power are best served by increasing exports and accumulating precious metals, such as gold and silver. Mercantilists believed that a favorable balance of trade, achieved through protectionist policies and colonial expansion, would strengthen the nation economically and politically.


What theory stated that a country's power was measured by the amount of gold and silver it owned?

The theory that stated a country's power was measured by the amount of gold and silver it owned is known as mercantilism. This economic theory was popular in Europe from the 16th to 18th centuries and emphasized the accumulation of wealth through trade surpluses, export promotion, and the acquisition of precious metals.


Who made the power elite in mills's theory of power?

Economic, military, and government leaders