Question

If you asked a mercantilist, would he say this relationship is good for the Mother Country? Explain.

Answer 1

Mercantilism was a widely economic practice during the 16th century - 18th century by countries such as Britain, France, Spain, Portugal, Italy, Germany, Netherlands.

• The economic practice "Mercantilism" is a belief anciently used to conserve nation's wealth and power through increasing exports over imports.

• Thus, a mercantilist an entity who embrace and practice Mercantilism.

In conclusion, a mercantilist will definitely agree the practice is good for the country because its protect and increases the countries economic wealth, leading to increased influence and power.

Learn more about Mercantilism here

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