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lutik1710 [3]
2 years ago
10

Choose the correct definition of mercantilism.

History
1 answer:
soldier1979 [14.2K]2 years ago
3 0

Answer:

B an economic policy in which the goal is to gain wealth

by exporting more goods than are imported

Explanation:

Mercantilism is an economic policy that is designed to maximize the exports and minimize the imports for an economy. It promotes monarchy, aristocracy, clericalism, militarism, imperialism, colonialism, tariffs and subsidies on traded goods to achieve that goal.

noun

belief in the benefits of profitable trading; commercialism.

HISTORICAL

the economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism.

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