Mercantilism was an economic theory and practice, dominant in modernized parts of Europe during the 16th to the 18th century,[1] that promoted governmental regulation of a nation's economy for the purpose of augmenting state power at the expense of rival national powers. It was the economic counterpart of the previous medieval version of political power: divine right of kings and absolute monarchy.[2] Mercantilism includes a national economic policy aimed at accumulating monetary reserves through a positive balance of trade, especially of finished goods. Historically, such policies frequently led to war and also motivated colonial expansion. Mercantilist theory varies in sophistication from one writer to another and has evolved over time. High tariffs, especially on manufactured goods, are an almost universal feature of mercantilist policy. Other policies have included
Answer:
trait
Explanation:
According to my research on studies conducted by various psychologists, I can say that based on the information provided within the question the term being defined is called a trait. Like mentioned in the question this is a distinguishing quality or characteristic of a specific individual, and is one of the aspects of humans that make each individual unique.
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Explanation:
Constitution is a set of principles or precedents by which a state is governed. It is a set of rules and regulations which places the government's power in the hands of the citizens in a democratic setup. It is important as it protects individual freedom, and its fundamental principles that govern a country.
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Answer:
Their sharp-stepped gabled roofs became a permanent part of the landscape, and their merchants gave the city its characteristic commercial atmosphere. The habits bequeathed by the Dutch also gave New York hospitality to the pleasures of everyday life quite different from the austere atmosphere of Puritan Boston.
Explanation:
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Answer:
The answer is cost-push inflation.
Explanation:
Cost-push inflation occurs when inflation increases proportionally to the raw materials (wages) costs. This can only occur when the demand for the products hasn't changed, and the high cost of wages is now passed to the consumers.
Common causes of cost-push inflation include natural disasters or a change in the government's laws.