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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If the options are "true or false" then the correct answer would be false
The correct answer to this open question is the following.
The perspective, or paradigm, that I think is the most interesting way to view and observe social interactions is the following.
I consider that the most interesting perspective is the functionalist perspective. This perspective sees every aspect of society as an independent component that when joined together with the other components, makes society function as a whole. All the elements of society play an important role or exert a key function that can be related to other functions.
Some sociologists have established the concept of the social contract to show that these social components should be in balance in order for society to work well.
Members of society share norms, customs, perceptions, and ideas and intermingle respecting and being tolerant with all of these ideas.
