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What relationship does balance of trade and mercantilism have?
Mercantilism restricts trade to only trading with the mother country.
What are the advantages of mercantilism?
balance of trade
How did the policy of mercantilism affect global economies?
mercantilism actually help global trade
What is Mercantilism in a sentence?
Mercantilism is a form of economics where tariffs and laws govern the trade of colonies and the homeland.
What are some of the characteristics of mercantilism?
Merchant related trade
What relationship does balance of trade and mercantilism have?
Mercantilism restricts trade to only trading with the mother country.
What are the advantages of mercantilism?
balance of trade
How did the policy of mercantilism affect global economies?
mercantilism actually help global trade
What is Mercantilism in a sentence?
Mercantilism is a form of economics where tariffs and laws govern the trade of colonies and the homeland.
Which was a feauture of mercantilism?
seeking a favorable trade balance
What are some of the characteristics of mercantilism?
Merchant related trade
What was the goal of mercantilism?
creation of a favorable balance of trade
What was the name of the british laws that restricted trade trade to and the colonies?
The Navigation Acts.
What political influences shaped the governments of British colonies?
it was the same as the BritishObviously the the governments of many former British colonies are base on the British system of government and law. That and in some instances influences that came from the original culture and religion.
What are some of the essential characteristics of mercantilism?
Merchant related trade
What was one goal of mercantilism?
creation of a favorable balance of trade
Which was an aspect of mercantilism?
An interest in having a favorable trade balance
