The correct definition of mercantilism is the belief that money made in the colonies should benefit the mother country. Mercantilism is an economic theory that emphasizes the importance of stockpiling wealth, primarily in the form of gold and silver, through a favorable balance of trade, particularly by exporting more than importing. It often involves government regulation of the economy and the exploitation of colonies for the benefit of the mother country.
What is the correct definition of mercantilism?
Responses
the belief that money made in the colonies should benefit the mother country
the belief that money made in the colonies should benefit the mother country
the idea that trade laws should not be strictly enforced
the idea that trade laws should not be strictly enforced
the idea that trade among more countries makes them all wealthier
the idea that trade among more countries makes them all wealthier
the rule that goods had to be transported to American colonies on British ships
1 answer