Question

The economic theory based on exporting goods and collecting wealth is called

Answer 1

The economic theory based on exporting goods to accumulate wealth is called **mercantilism**. This theory, which was prominent from the 16th to the 18th century, emphasized the role of the state in managing the economy, advocating for a positive balance of trade (where exports exceeded imports) as a means to increase national wealth and power. Mercantilists believed that a country's strength was directly related to its wealth, and they often supported protectionist policies to enhance exports and limit imports.