Traders in the 18^th century were encouraged to focus on selling their nation's goods in the global market to create a favourable balance of trade.Nations attempted to sell more goods to other nations than they bought from other nations.This approach to global trading is called:

Question

Quizplus · Accepted Answer

The approach to global trading described, where nations attempt to sell more goods than they buy, is known as mercantilism.

Traders in the 18th Century Were Encouraged to Focus on Selling

Traders in the 18^th Century Were Encouraged to Focus on Selling