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Mercantilism is an economic theory that emphasizes the importance of government regulation in promoting national power and wealth. It advocates for a positive balance of trade, where a country exports more than it imports, and encourages the accumulation of precious metals, such as gold and silver. Mercantilist policies often involve protectionist measures, including tariffs and subsidies, to support domestic industries and limit foreign competition. Overall, mercantilism views economic activity primarily as a means to enhance national strength.
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What statement best describes the concept of mercantilism?
Controlling trade is a key to increasing power.
What statement best describes the theory of mercantilism?
export more goods than are imported.
What statement describes the theory of mercantilism?
The theory of mercantilism is described best as England giving economic favors. these favors were given to some companies and people but not others.
What best describes the economic policy of mercantilism?
Colonies creating wealth for the mother country.
What statement best supports the theory of mercantilism?
Colonies do not contribute to the economic success of Great Britain
What statement best describes the concept of mercantilism?
Controlling trade is a key to increasing power.
What statement best describes the theory of mercantilism?
export more goods than are imported.
What statement describes the theory of mercantilism?
The theory of mercantilism is described best as England giving economic favors. these favors were given to some companies and people but not others.
What term describes a country's desire to accumulate gold?
Mercantilism
What are words that describe proverbs?
It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.It's a short statement that describes a truth, or concept.
Which term best describes the practice of creating wealth from colonies?
Mercantilism
What term describes a country's desire accumulate gold?
Mercantilism describes a country's desire to accumulate gold. Several countries have high mercantilism rates. This term was used a lot during the gold rush.
What best describes the theory of the mercantilism?
export more goods than are imported.
What best describes the economic policy of mercantilism?
Colonies creating wealth for the mother country.
What word describes the economic system of European countries during the colonial era?
Mercantilism
What statement best supports the theory of mercantilism?
Colonies do not contribute to the economic success of Great Britain
Which term best describes the practice of creating and maintaining wealth by carefully controlling trade?
Mercantilism
