under which economic model a country strives to create a favorable balance of trade, in which the value of its exports is greate

Question

cupoosta [38]

3 years ago

15

under which economic model a country strives to create a favorable balance of trade, in which the value of its exports is greate

r than the value of its imports?

Social Studies

1 answer:

andrezito [222] · Answer 1 · 2022-08-05T15:10:57+03:00

Answer:

Mercantilism is an economic philosophy built around exports and trade. A mercantilist economy tries to increase its wealth by maximizing exports and minimizing imports. ... To increase their wealth and power mercantile nations rely on tariffs, trade leverage and military power to maximize their trade balance.

Explanation: