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mercantilism
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What economic theory says power depends on wealth?
Mercantilism
What was the idea that a nations power was based on its wealth?
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
Mercantilism was based on a nations power and wealth which was enabled by?
the amount of precious metals that could be had
The theory that a states power depends on its wealth is called?
Mercantilism
What economic theory says power depends on wealth?
Mercantilism
What theory holds that a nations power depends on trade?
Mercantilism.
What theory holds that a nations power depends expanding its trade?
Mercantilism
What was the idea that a nations power was based on its wealth?
mercantilism
The theory that sees wealth as the basis of power is?
The theory is called "plutocratic theory", which characterizes a plutocracy.
What are the 4 theories of the origin of nations?
The four theories of the origin of nations are social contract theory, evolutionary theory, divine right theory, and force theory. Social contract theory suggests that nations arise from a voluntary agreement among individuals, evolutionary theory posits that nations naturally evolve over time, divine right theory asserts that nations are established by a higher power, and force theory argues that nations are created through the use of power and coercion.
According to the theory of mercantilism a nation's power is based on its?
wealth
Whose theory stated that a nations power is measured by its gold reserves?
Economic Theory
How did mercantilism increase the likelihood of conflicts between European powers?
European nations wanted to control more land as a way to become more economically powerful. The hope was to acquire colonies to control their natural resources and make the nation extremely wealthy.
Mercantilism was based on a nations power and wealth which was enabled by?
the amount of precious metals that could be had
What theory holds that a nation's power depends on expanding it's wealth?
Many may suppose that this question is related to the Mercantile economic system. Placing that aside for the moment, it's a common sense question and a common sense answer.Powerful nations cannot be poor nations, or if so, not for very long. Wealth and power go hand in hand. Now power, as mentioned, needs wealth, however, power can exist to either obtain wealth or simply to keep the status qua alive. As an example, the former Soviet Union was powerful, yet its wealth was used to build weapons. The general public in the USSR were not doing well economically at all. Without the spread of its wealth, the USSR economy fell apart and so did the nation. The Russian Federation, will soon learn the lessons of the USSR. Putin has made Russia powerful, power in weapons, but economically the people are not prosperous in a way that Western Europe is.
