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Mercantilists were economic theorists and policymakers active primarily from the 16th to the 18th centuries, who believed that a nation's power depended on its wealth, particularly in gold and silver. They advocated for a favorable balance of trade, emphasizing exports over imports to accumulate precious metals. Mercantilism supported government intervention in the economy, including tariffs and subsidies, to promote domestic industries and limit foreign competition. This economic doctrine laid the groundwork for later economic theories, including classical economics.
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What do mercantilists advocate that a nation do?
A large supply of bullion
What basic assumption did mercantilists hold about their colonies?
Lick a nut
What did the mercantilists believe?
Mercantilism is the belief that colonies exist for the benefit of the mother country.
According to mercantilists the prosperity of a nation depended on?
a large supply of bullion, or gold and silver.
What does the prosperity of a nation depend on to mercantilists?
Mercantilists believed that the prosperity of a nation depended primarily on its accumulation of wealth, particularly in the form of gold and silver. They argued that a favorable balance of trade—exporting more than importing—was essential for national prosperity. Additionally, mercantilists emphasized the importance of government intervention in the economy to protect domestic industries and enhance exports, thus ensuring the nation's economic strength and self-sufficiency.
What do mercantilists advocate that a nation do?
A large supply of bullion
What basic assumption did mercantilists hold about their colonies?
Lick a nut
What did the mercantilists believe?
Mercantilism is the belief that colonies exist for the benefit of the mother country.
Did Mercantilists assume that the colonies only existed to enrich the mother country?
yes
According to mercantilists the prosperity of a nation depended on?
a large supply of bullion, or gold and silver.
What is Mercantilists?
a policy based on on the idea that a country should sell more goods than it buys
How were the physiocrats different from the mercantilists?
physiocrats focused on econimic reforms where as mecantilists focused on expoting more than importing
What did mercantilists believe?
They believe in the use of colonies for the benefit of the mother country, otherwise they tip the trade so it benefits the mother country.
What do mercantilists believe?
They believe in the use of colonies for the benefit of the mother country, otherwise they tip the trade so it benefits the mother country.
Why did mercantilists believe that nations should set up over seas colonies?
because. They farted
Mercantilists stated that a country's wealth and strength came from the ability to?
A country's wealth and strength depended on the ability to balance its trade. According to the mercantilists, trade shoud be controlled by the government , a balance should be maintained so that a country would export more goods than import from other countries. A country should exploit national resources - from home or colonial territories. They considered gold -or bullion was considered as all-important in a balanced economy.
What do mercantilists believe a country should do?
A colony or territory should benefit the "mother" nation. Should be more imports than exports. Hard cash (gold, silver) is most valuable.
