HISTORY
IMPERIALISM ASIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the theory in which the wealth of a nation is measured by the amount of gold and silver that it possesses.
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COLONIALISM
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Mercantilism
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Industrialization
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Capitalism
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Imperialism
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Explanation:
Detailed explanation-1: -Under mercantilism, nations frequently engaged their military might to ensure that local markets and supply sources were protected. Mercantilists also believed that a nation’s economic health could be measured by its ownership of precious metals, such as gold or silver.
Detailed explanation-2: -Adam Smith coined the term “mercantile system” to describe the system of political economy that sought to enrich the country by restraining imports and encouraging exports. This system dominated Western European economic thought and policies from the sixteenth to the late eighteenth centuries.
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