Which of the following best describe Mercantilism

Question

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 eliminated all competition between countries and instead caused them to make peaceful agreements so that everyone could make money.

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 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.

Answer 1

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 was characterized by a focus on accumulating wealth through trade, colonization, and the establishment of a favorable balance of trade, often at the expense of other nations. It emphasized the idea that there is a finite amount of wealth in the world, leading countries to compete for resources and riches.