The British economy in the 1700s was primarily based around Mercantilism. This economic theory emphasized the importance of accumulating wealth through trade, particularly through the export of goods and the establishment of colonies. Mercantilism focused on maximizing exports and minimizing imports to increase national wealth and power.
The British economy in the 1700's was based around what economic theory?
Free Market Capitalism
Socialism
Communism
Mercantilism
1 answer