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
MercantilismThe answer is Mercantilism
(True) that is the theory of mercantilism.
export more goods than are imported.
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
MercantilismThe answer is Mercantilism
(True) that is the theory of mercantilism.
Mercantilism
Mercantilism :)
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.
Mercantilism
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.
Mercantilism was an economic theory prevalent in the 16th to 18th centuries that promoted government intervention in the economy to increase a nation's wealth through exporting more than importing, accumulating gold and silver, and maintaining a favorable balance of trade. It emphasized protectionist policies like tariffs and subsidies to support domestic industries and create a strong, self-sufficient economy.