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Question
what does interest mean? *
- a legal document giving certain rights to a person or company
- a fee charged for a loan, usually a percentage of a loan, to be paid monthly along with part of the original loan, until the loan is paid
- to spend money in order to earn more money in the future
- the theory that a nations economic strength came from selling more than it bought from other nations
- an instruction that tells how something should be done
what does mercantilism mean? *
- an economic system based on private ownership of property, a market economy, and the goal of making a profit, or income, from the use of ones property
- the theory that a nations economic strength came from selling more than it bought from other nations
- an instruction that tells how something should be done
- a political system in which voters elect representatives to make laws for them
- the right of all individuals to follow their own religious beliefs
Brief Explanations
Mercantilism is an economic theory from historical economic thought that emphasizes a nation increasing its wealth by having a positive balance of trade, meaning selling more goods to other nations than it buys from them.
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the theory that a nation's economic strength came from selling more than it bought from other nations