export more goods than are imported.
The theory of mercantilism is described best as England giving economic favors. these favors were given to some companies and people but not others.
Controlling trade is a key to increasing power.
Colonies do not contribute to the economic success of Great Britain
Colonies creating wealth for the mother country.
The best theory that supports mercantilism is the "Balance of Trade" theory, which posits that a nation's wealth and power are best served by maximizing exports and minimizing imports. This theory emphasizes the importance of accumulating precious metals, such as gold and silver, through a favorable balance of trade. Mercantilism advocates for government intervention to protect domestic industries and promote exports, reinforcing the idea that national prosperity is achieved through a strong trade surplus.
The theory of mercantilism is described best as England giving economic favors. these favors were given to some companies and people but not others.
export more goods than are imported.
Controlling trade is a key to increasing power.
Colonies do not contribute to the economic success of Great Britain
Mercantilism
Colonies creating wealth for the mother country.
A conditional statement
Colonies do not contribute to the economic success of Great Britain
Mercantilism
They allow citizens more influence over the laws and leaders of their state.
The best theory that supports mercantilism is the "Balance of Trade" theory, which posits that a nation's wealth and power are best served by maximizing exports and minimizing imports. This theory emphasizes the importance of accumulating precious metals, such as gold and silver, through a favorable balance of trade. Mercantilism advocates for government intervention to protect domestic industries and promote exports, reinforcing the idea that national prosperity is achieved through a strong trade surplus.
A conditional statement.