Question

What statement best describes the theory of mercantilism

Answer 1

Mercantilism was the theory of trade espoused by the major European powers from roughly 1500 to 1800. It advocated that a nation should export more than it imported and accumulate bullion (especially gold) to make up the difference. The exportation of finished goods was favored over extractive industries like farming.

tbh i looked it up but hope this helps

Answer 2

Export More Goods Than Are Imported