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a policy based on on the idea that a country should sell more goods than it buys

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16y ago

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Mercantilist theory asserts that a nation should maintain a balance of payments?

positive


What was the basis of the mercantilist theory of economics?

The idea that the nation could be enriched by controlling trade with colonial markets.


What did mercantilist economic theory stipulate?

That nation should lower tariffs an promote free trade so that all might benefit


Why did the kings and queens pursue mercantilist policies?

Because mercantilism was an economic and political theory emphasizing money as the chief source of wealth


Did the Mercantilist theories caused European nations to abandon their overseas colonies?

Mercantilist theories caused European nations to abandon their overseas colonies.


How can mercantilism be used in a sentence?

"Do you want to be a mercantilist?"


Mercantilist government tried to maximize?

production.


What did mercantilist advocate that a nation do?

A large supply of bullion


Why were colonies important in the mercantilist system?

The mercantilist system was when the English (and other countries) were expanding and looking for more income or revenue, and founding colonies was a very key way to do that.


According to a mercantilist what was the purpose of a colony?

To provide raw materials


How did the Navigation Acts implement Britain's mercantilist policy?

The Navigation Acts implemented Britain's mercantilist policy through providing structure. The items were watched more closely so they could be taxed.


The pros and cons of the mercantilism and physiocrats?

pros and cons about mercantilist and physiocrats