The best theory that supports mercantilism is the "Balance of Trade" theory, which posits that a nation's wealth and power are best served by maximizing exports and minimizing imports. This theory emphasizes the importance of accumulating precious metals, such as gold and silver, through a favorable balance of trade. Mercantilism advocates for government intervention to protect domestic industries and promote exports, reinforcing the idea that national prosperity is achieved through a strong trade surplus.
Colonies do not contribute to the economic success of Great Britain
The theory of mercantilism is described best as England giving economic favors. these favors were given to some companies and people but not others.
export more goods than are imported.
MercantilismThe answer is Mercantilism
(True) that is the theory of mercantilism.
Colonies do not contribute to the economic success of Great Britain
The theory of mercantilism is described best as England giving economic favors. these favors were given to some companies and people but not others.
export more goods than are imported.
export more goods than are imported.
Colonies do not contribute to the economic success of Great Britain
MercantilismThe answer is Mercantilism
(True) that is the theory of mercantilism.
Mercantilism
Mercantilism :)
A country must import more goods than it exports to maximize profits
mercantilism
wealth