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valentinak56 [21]
3 years ago
8

What is mercantilism: A nation's power depended on its farming production A nation's power depended on its military conquests A

nation's power depended on its wealth through trade A nation's power depended on its wealth through non-trade
History
1 answer:
igor_vitrenko [27]3 years ago
3 0

Answer:

A nation's power depended on its wealth through trade

Explanation:

Mercantilism is an economic theory that, trading engaged in by people helps to generate wealth which the government of a given country should encourage through its acts of protectionism.<em> For example, preventing the trading of fish along the coastal sea. It has to be done by the people living the country rather than by foreigners.</em>

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There are many examples of normal goods, such as the luxury cars, wine, clothing etc. The luxury cars are excellent example because when the people have lower income they are not able to buy them, so the demand for this type of cars is low. As the income increases though and the people have bigger financial power they start buying luxury cars, as people crave for them and find them attractive, so the demand gradually increases for them.

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