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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The answer to the question above is this: THE GENERALIZED OTHER. The Generalized Other is actually proposed by <span>George Herbert </span><span>Mead. This is a concept in social science that refers to someone who reacts and behaves based on how other people expects them to be. George Herbert Mead is actually a known American Philosopher and sociologist.</span>
The first answer is the right answer
United Kingdom is surrounded with bodies of water; thus, it is easier for them to trade with people from different countries all over the world. Ships carrying various goods from different parts of the world would dock in UK ports and trade their goods for the goods found in UK. People living in UK has livelihoods that are depended on land (farming) and water (fishing).
Since UK is surrounded by bodies of water, it enjoys a milder climate compared with Russia.
Russia, on the otherhand, occupies some parts of Europe and Asia. But, Russians can not maximize the use of their land area since there are parts of Russia wherein there are permanently frozen land. Russia is also bordered by 15 countries with no access to waterways, making trading difficult but possible.
Most Russians live in the European part of the country because it has a better weather condition and trade among neighbouring countries can easily be done.
