Question

The main economic theory of the late 18th century was:

nationalism
mercantilism
marginalization
industrialization

Answer 1

The main economic theory of the late 18th century was **mercantilism**. This theory emphasized the role of the state in managing the economy, particularly through regulation of trade and the accumulation of wealth, primarily in the form of precious metals. It was a dominant economic philosophy in Europe before the rise of classical economics and the advent of industrialization.