<span>When quantity supplied exceeds quantity demanded at a given price</span>
The Schlieffen Plan was created by General Count Alfred von Schlieffen in December 1905. The Schlieffen Plan was the operational plan for a designated attack on France once Russia, in response to international tension, had started to mobilise her forces near the German border
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Early mercantilism meant primarily aiming to reduce imports. This issue is related mainly to articles of luxury. The mercantilists believed fact that the foundation of the wealth of the state is a positive trade balance - the dominance of exports over imports. Source of such beliefs lay still in the medieval practice of governance - the monarchs gather financial reserves necessary for an effective policy. <span>However, in the developed theory of mercantilism, welfare of the residents and the strength of the state directly combined with the development of the industry. It is associated with it hopes for economic self-sufficiency of the country. In addition, the mercantilists preached direct relationship between economic power of the country's human potential.</span>
