To increase the nation's (great Britain's) total wealth
wealth
The theory of mercantilism held that a country's power depended mainly on its wealth. Wealth after all, allowed nations to build strong navies and purchase important goods. As a result to the policy of mercantilism the goal of every nation became the attainment of as much wealth as possible. Saying this they can increase their wealth by balance of trade and the economic revolution changes european society source- Honors World Civ book
The basic beliefs of Mercantilism included that wealth of a nation came mostly from its possession of gold and silver.
The most important principle of mercantilism was to export more than you import when running a nation.
To increase the nation's (great Britain's) total wealth
wealth
The theory of mercantilism held that a country's power depended mainly on its wealth. Wealth after all, allowed nations to build strong navies and purchase important goods. As a result to the policy of mercantilism the goal of every nation became the attainment of as much wealth as possible. Saying this they can increase their wealth by balance of trade and the economic revolution changes european society source- Honors World Civ book
Mercantilism was about building up the nation's wealth in terms of hard cash.
The most important principle of mercantilism was to export more than you import when running a nation.
The basic beliefs of Mercantilism included that wealth of a nation came mostly from its possession of gold and silver.
mercantilism
Mercantilism
mercantilism
Was to enrich the nation by fostering a favorable balance of trade.
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.
mercantilism