How was mercantilism the greatest contributor to its decline??

1 answer:

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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

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The operational definition of "helpful" in Tamika's study is the person that helps her pick up her papers.

Explanation:

In social research, the variable that the researcher wants to study has to have a conceptual and an operational definition. The conceptual definition is the definition you would normally find in a dictionary and it explains how the what the concept means and how it relates to other constructs. The operational concept explains how the researcher is going to measure it, how that concept can take place in reality.

In Tamika's study, to measure the concept "helpull" she is going to measure how many people help her pick up her papers, this is the operational concept since it is how she is going to measure if women are more helpfull than men.

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