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.
To learn more about mercantilism click here:
brainly.com/question/909450
#SPJ4
Answer:
True
Explanation:
When those firms which are already existance in market feels threat from new entarnts. Then, they try to discourage the new entarnts to maintain their position in market and to earn same profit margins.
Answer: that there could be only one legitimate ruler of China at a time, and that this ruler had the blessing of the gods.
Explanation:
The appropriate response is Joint Interagency Coordination Group (JIACG). It is an interagency staff gather that builds up to normal, convenient, and collective working connections amongst nonmilitary personnel and military operational organizers. A large portion of these destinations require the joined and facilitated utilization of the discretionary, enlightening, military, and monetary instruments of national power.
The French and Indian Wars of the 1760s resulted in a complete victory for the British, who took possession of the lands west to the Mississippi River, which had formerly been claimed by the French but were largely inhabited by American Indian tribes.
