The goal of mercantilism was to ensure a favorable balance of trade for a nation-state.

Question

The goal of mercantilism was to ensure a favorable balance of trade for a nation-state.​

Quizplus · Accepted Answer

Mercantilism was an economic theory and practice that aimed to increase a nation's wealth by promoting exports and discouraging imports, resulting in a favorable balance of trade. The idea was that a nation would accumulate more gold and silver by exporting more goods than it imported, leading to economic power and prosperity.

The Goal of Mercantilism Was to Ensure a Favorable Balance