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Two speakers who would most likely support mercantilism are an 18th-century British politician advocating for colonial expansion and a merchant emphasizing the importance of accumulating wealth through trade surpluses. The politician would argue that a strong national economy relies on controlling trade routes and resources, while the merchant would highlight the necessity of government support to protect domestic industries and maximize exports. Both would view mercantilism as a means to enhance national power and economic stability.

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1mo ago

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What is a sentence for mercantilism?

The European States pursued a policy of mercantilism in the 15th-18th centuries because they believed that it would improve the economies at the metropole.


What caused the growth of mercantilism?

Mercantilism was an economy theory that posited that the wealthiest nation, particularly in terms of precious metals, would be the most powerful. The demand of the precious metals by the developed countries was one of the causes of mercantilism.


When to use Mercantilism theory?

A clinical definition of mercantilism would be, with a lot of truth to it, that it is the system that every country denounces and that every country practices. The most effective (and easiest to get away with) form of trade mercantilism is now used by the PRC, and it is based on manipulating the foreign exchange rate.


What is the goal of mercantilism?

Mercantilism is, in basic terms, trade within an empire, meaning no importing or exporting from foreign providers. The goal of such a system would be self-growth of the traders/companies within the empire.


Why did Adam smith Criticize British mercantilism?

Adam Smith criticized British mercantilism for its emphasis on state control and regulation of the economy, which he believed stifled individual enterprise and innovation. He argued that mercantilism prioritized the accumulation of gold and silver over the actual production of goods and services, leading to inefficiencies. Smith advocated for free markets and competition, proposing that these would lead to greater wealth and prosperity for society as a whole, contrary to the restrictive practices of mercantilism.

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