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Earn +20 ptsQ: How did a country grow according to mercantilism?
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According to mercantilism principles what were the two ways a nation could increase their wealth?
The object of mercantilism was to increase the wealth of the Mother Country.
According to 17th and 18th century mercantilism a country should export in return for?
goods and products, gold and silver
According to the theory of mercantilism a country has a favorable balance of trade when?
the value of exports is greater than the value of imports
What relationship does balance of trade and mercantilism have?
Mercantilism restricts trade to only trading with the mother country.
What is mercantilism main goal?
Under the idea of mercantilism, a country will be economically successful if it has more exports than imports.
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