The passage describes mercantilism. This economic theory emphasizes enriching a nation through trade and manufacturing rather than through agriculture, highlighting the importance of industry in towns over rural cultivation.
1. "It is the object of that system to enrich a great nation rather by trade
and manufacturing than by the improvement and cultivation of land, by
the industry of the towns rather than by that of the country."
What system does the passage above describe?
capitalism
mercantilism
industrialization
the factory system
1 answer