Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

what is the best definition for mercantilism? an economic policy in whi…

Question

what is the best definition for mercantilism?
an economic policy in which investors buy shares in a company in order to share the risks and profits
an economic policy in which countries collect gold or silver and control trade
an economic system in which individuals own businesses
an economic system in which money is put into something, such as a business, in order to make a profit

Explanation:

Brief Explanations

Mercantilism is a historical economic policy focused on accumulating national wealth, primarily through precious metals (gold/silver) and controlling foreign trade to maintain a favorable balance of trade. The other options describe concepts like joint stock investment, capitalism, and investment respectively, which are distinct from mercantilism.

Answer:

an economic policy in which countries collect gold or silver and control trade