What is the term for an economic theory and practice, dominant between the sixteenth and eighteenth centuries during the rise of the nation-state, that assumes national wealth can be amassed through the accumulation of precious metals (silver and gold)?
A) Mercantilism
B) Industrial Revolution
C) Modernisation
D) Primitive capitalism

Question

Quizplus · Accepted Answer

Mercantilism is the economic theory that emphasizes the accumulation of gold and silver as the basis for a country's wealth and power. It was prevalent from the 16th to the 18th centuries and encouraged exports over imports to achieve this goal.

What Is the Term for an Economic Theory and Practice