Bulchester, a former sovereign country in Northern Europe, had a trading pattern in which most of the business organizations were funded or owned by the government. The government ensured that the country exported more goods than it imported, thereby maintaining a trade surplus at all times. Bulchester's trading pattern reflects the trade theory of _____.

Question

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Mercantilism is the economic theory that emphasizes government regulation of a nation's economy for the purpose of augmenting state power at the expense of rival national powers. It advocates for a positive trade balance (exporting more than importing) and often involves state intervention, including funding or owning business organizations, to achieve this goal.

Bulchester, a Former Sovereign Country in Northern Europe, Had a Trading