Which of the following best describes mercantilism?(1 point) Responses an idea that everyone can have as much wealth as they want in the world as long as they create colonies and control them, so that they have all the resources an idea that everyone can have as much wealth as they want in the world as long as they create colonies and control them, so that they have all the resources a system that eliminated all competition between countries and instead caused them to make peaceful agreements so that everyone could make money a system that eliminated all competition between countries and instead caused them to make peaceful agreements so that everyone could make money a system that made it easier for traders to make money in any country because they understood what people wanted to buy and sell and could make the country rich a system that made it easier for traders to make money in any country because they understood what people wanted to buy and sell and could make the country rich an economic system based on the idea that the world only has so much wealth available, and countries must take as much as they can so that other countries do not get it

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The best description of mercantilism is: "an economic system based on the idea that the world only has so much wealth available, and countries must take as much as they can so that other countries do not get it."

Mercantilism emphasizes the accumulation of wealth, particularly gold and silver, through a favorable balance of trade, often by establishing colonies and controlling resources to limit competition and maximize a nation’s economic power.

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Which of the following best describes mercantilism?(1 point) Responses an idea that everyone can have as much wealth as they want in the world as long as they create colonies and control them, so that they have all the resources an idea that everyone can have as much wealth as they want in the world as long as they create colonies and control them, so that they have all the resources a system that eliminated all competition between countries and instead caused them to make peaceful agreements so that everyone could make money a system that eliminated all competition between countries and instead caused them to make peaceful agreements so that everyone could make money a system that made it easier for traders to make money in any country because they understood what people wanted to buy and sell and could make the country rich a system that made it easier for traders to make money in any country because they understood what people wanted to buy and sell and could make the country rich an economic system based on the idea that the world only has so much wealth available, and countries must take as much as they can so that other countries do not get it

1 answer

The best description of mercantilism is: "an economic system based on the idea that the world only has so much wealth available, and countries must take as much as they can so that other countries do not get it."

Mercantilism emphasizes the accumulation of wealth, particularly gold and silver, through a favorable balance of trade, often by establishing colonies and controlling resources to limit competition and maximize a nation’s economic power.

GPT-4o mini · Answer

The best description of mercantilism is: "an economic system based on the idea that the world only has so much wealth available, and countries must take as much as they can so that other countries do not get it."

Mercantilism emphasizes the accumulation of wealth, particularly gold and silver, through a favorable balance of trade, often by establishing colonies and controlling resources to limit competition and maximize a nation’s economic power.