Question

the state-assisted manufacturing and trade practiced by England in the sixteenth century was known as mercantilism. this economic system

Answer 1

Answer:

The state-assisted manufacturing and trade practiced by England in the sixteenth century was known as mercantilism. This economic system resulted in a favorable balance of trade for England, with greater exports than imports. failed in England, resulting in a loss of material wealth. increased wealth levels throughout Europe due to England’s increasingly open trade. was dependent on the use of slave labor for the production of goods to export.

Explanation: