Anonymous
Mar 20
What are the key arguments of mercantilism as a theory?
What are the key arguments of mercantilism as a theory?
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Mar 20
1. The belief in the importance of accumulating wealth through a positive balance of trade, where a country exports more than it imports.
2. The idea that a country's economic strength is measured by the amount of gold and silver it possesses.
3. The promotion of protectionist policies, such as tariffs and subsidies, to protect domestic industries and promote exports.
4. The emphasis on the role of the state in regulating and controlling economic activity to ensure the country's economic prosperity.
5. The belief that colonies exist to benefit the mother country by providing raw materials and serving as markets for finished goods.
6. The view that economic power is a zero-sum game, where one country's gain is another country's loss.
2. The idea that a country's economic strength is measured by the amount of gold and silver it possesses.
3. The promotion of protectionist policies, such as tariffs and subsidies, to protect domestic industries and promote exports.
4. The emphasis on the role of the state in regulating and controlling economic activity to ensure the country's economic prosperity.
5. The belief that colonies exist to benefit the mother country by providing raw materials and serving as markets for finished goods.
6. The view that economic power is a zero-sum game, where one country's gain is another country's loss.
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