Upon what do you base the assumption the premise of mercantilism is erroneous?
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.
export more goods than are imported.
Colonies do not contribute to the economic success of Great Britain
Upon what do you base the assumption the premise of mercantilism is erroneous?
When someone calls a statement a "valid assumption" they mean that it is probably true.
Yes, assumption is a noun, a singular, common, abstract noun.
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.
export more goods than are imported.
To prove by contradiction, you assume that an opposite assumption is true, then disprove the opposite statement.
Synonyms for assumption include, statement, hypothesis, guess, supposition, postulation, conjecture, theory, notion, belief, idea. !
Synonyms for assumption include, statement, hypothesis, guess, supposition, postulation, conjecture, theory, notion, belief, idea. !
According to Going Concern Assumption it is assumed that the said business will continue in the foreseeable future and will not liquidate in future, This assumption ensures the faith of investors, potential investors, and all the stakeholders in the business. Thus the Financial Statement is prepared on the basis of Going Concern Assumption.
Colonies do not contribute to the economic success of Great Britain
This statement is false. A perpendicular bisector is not enough to make the statement true.