<u>ANSWER:</u>
The system of mercantilism is based on "Nations increase their wealth by exporting more than they import".
Option: (C)
<u>EXPLANATION:</u>
- Adam Smith instituted the term "mercantile system" to relate the 'system of political economy' that looked to advance the nation by limiting imports and empowering exports.
- This system influenced Western European economic policies and approaches from the '16th' to the late '18th' century.
- The objective of these policies was, as far as anyone knows, to accomplish an "ideal" balance of trade that would bring silver and gold into the nation and increase their wealth and economy.
At early stages, yes, very soon they lost all popularity, even among the conservatives. That is because at first the idea behind it was that it was honorable and good because it stopped communism. Very soon everyone realized what kind of a hell the war was and that it was pointless and that there would be no problems with them even if they did turn into a Communist state. The negative effect it had on people was unspeakable.
The group that didn't profit from the growing prosperity of the 1920's... African Americans and Farmers did not profit from the growing.....
Hope this helped you out
Answer:
Both domestic and external factors contributed to sub-Saharan Africa's poor overall economic performance in the 1980s and early 1990s. Key constraints to growth included inappropriate economic policies, inadequate human capital development, and low levels of private investment.
