Which statemnt best describes the mercantillsm?

Answer 1

Mercantilism is an economic theory that emphasizes the importance of accumulating wealth, primarily through a positive balance of trade, where a country exports more than it imports. It advocates for government intervention in the economy to promote national interests, often through protectionist policies such as tariffs and subsidies. The ultimate goal of mercantilism is to enhance national power and ensure economic self-sufficiency. This system dominated European economic thought from the 16th to the 18th centuries.