Mercantilism is an economic policy that emphasizes national power and wealth as the main goals of economic activity. It places the interests of the state or government above those of private individuals, often through significant government intervention in the economy to control trade, accumulate gold and silver, and maintain a favorable balance of trade.

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Mercantilism

Question 115

Multiple Choice

Mercantilism:

A) placed the interests of the state or government above the interests of private individuals.
B) is the term used to describe the intense industrialization and rapid technology changes of the 1700s and 1800s.
C) held that individual decision making with minimal government intervention would maximize the interests of the state.
D) none of the above.

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