Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

what is the correct definition of mercantilism? o the idea that trade l…

Question

what is the correct definition of mercantilism?
o the idea that trade laws should not be strictly enforced
o the belief that money made in the colonies should benefit the mother country
o the rule that goods had to be transported to american colonies on british ships
o the idea that trade among more countries makes them all wealthier

Explanation:

Brief Explanations

Mercantilism was an economic theory - practice in the 16th - 18th centuries where colonies' economic activities were meant to enrich the mother - country. It emphasized a favorable balance of trade and control over colonial resources for the benefit of the home nation.

Answer:

the belief that money made in the colonies should benefit the mother country