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The <u> mercantilism </u>theory is based on the assumption that the wealth of the world is fixed.
It was first published as An Inquiry into the Nature and Causes of the Wealth of Nations, more generally known as The Wealth of Nations. The book was written by BY Adam Smith, a Scottish moral philosopher by profession, to explain the industrialized capitalism system.
According to mercantilism, wealth was set and limited. The only way to succeed was to stockpile gold and impose tariffs on imports.
This theory suggests that nations should sell their products to other nations while making no purchases in return. Predictably, nations entered into cycles of retaliatory tariffs that stifled global trade.
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<span>the answer is farms with distant markets for selling their harvest.
Because of this, it is impossible to distribute agricultural product to a far away area because the product will get rotten in the middle of the distribution.
The development of railroads answered this very problem which allow the agricultural sector to flourish.</span>
True because the limited knowledge of one viewpoint isn't enough to encompass all possible theories or ideas