The correct option is B: Restricting imports
<em>Mercantilism </em>is an economic policy that some countries take to protect the inner commerce. It was very popular in Europe between the 16th and the 18th centuries, but it is highly criticized nowadays.
The policies taken by the government mainly include:
- <em>Restrict imports</em>
- <em>Make the national industry grow</em>
- <em>Regulate the domestic market</em>
Among others.
Answer:
Adam Smith believed that limitations on trade were misconceived and misplaced. Contrary to the mercantilist view that a state must strengthen its economy and augment its power at the expense of others, Smith argued that trade was mutually beneficial, there was no difference between domestic and foreign trade, and that the accummulation of money and metals made no sense, they were just another commodity.
Explanation:
Answer:
The nation was left in a weak condition after achieving independence in 1821. Agricultural, mining, and manufacturing activity had all plummeted as a result of the conflict, and more than half a million Mexicans had perished.
Explanation:
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Capitalist economic relations were considered free because private individuals or businesses were given the freedom to choose what goods and services they would want to market or produce, where they would want to invest, and at what prices should they set on their goods and services, depending of course, on the supply and demand of the economic market.
Answer:
A, B, and C
Explanation:
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