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The mercantile system, or mercantilism, is characterized by several key elements: the belief that national strength is derived from a favorable balance of trade, primarily through exports exceeding imports. It emphasizes government intervention in the economy to regulate trade and promote domestic industries. Additionally, it often involves the accumulation of precious metals, such as gold and silver, as a measure of wealth, and the establishment of colonies to secure resources and markets. Overall, mercantilism prioritizes national economic interests and the expansion of state power in international trade.
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What is the mercantile system?
The mercantile system was a system in which a country's main goal was to procure as much money as possible and often exploit her colonies to achieve this end.
Under which system did England use the American colonies to supply its need for resources?
The Mercantile System used American colonies to supply England's needs for resources.
The mercantile system began to fail because .?
all correct
Which of these statements about the English mercantile system is false?
the system of mercantilism was an extension of the policy of salutary neglect...
Why were colonies important in the mercantile system?
They produced products that couldn't be made in England.
The system was the method that England used to regulate trade?
mercantile
What was the impact of the mercantile system in the Netherlands?
The impact of the Mercantile system in the Netherlands was creation of monopolies.
How do mercantile exchanges work?
How did the British mercantile system work?
What is the mercantile system?
The mercantile system was a system in which a country's main goal was to procure as much money as possible and often exploit her colonies to achieve this end.
Who was not an element of a mercantile system?
Astronomer.
What French economist is most associated with the mercantile economic system?
The French economist most associated with the mercantile economic system was Colbert.
Under which system did England use the American colonies to supply its need for resources?
The Mercantile System used American colonies to supply England's needs for resources.
What has the author Thomas Moffitt Stevens written?
Thomas Moffitt Stevens has written: 'Stevens' elements of mercantile law' -- subject(s): Commercial law 'Elements of mercantile law' -- subject(s): Commercial law
Which of these descriptions does not apply to the economy of eigh teenth century England?
The mercantile system was still strongA+
The mercantile system began to fail because .?
all correct
Is raw materials an element of a mercantile system?
Yes, raw materials are a key element of a mercantile system. In such a system, the focus is on accumulating wealth through trade, and raw materials serve as essential resources for production and export. By controlling the supply of raw materials, mercantile powers can enhance their economic strength and influence in global trade. Thus, raw materials play a crucial role in the mercantile approach to economic management.
What of these is not an element of a mercantile system?
Religion. Mercantile systems primarily focus on commerce, trade, and economic activities, rather than religious beliefs or practices.
