The economic system, important in Britain in the 17th and 18th centuries, in which national economic interests outweighed individuals' economic interests, was:

Question

Quizplus · Accepted Answer

Mercantilism is the correct answer because it was an economic theory and practice, dominant in Europe from the 16th to the 18th century, that promoted governmental regulation of a nation's economy for the purpose of augmenting state power at the expense of rival national powers. It was characterized by the belief that national strength could be maximized by limiting imports via tariffs and maximizing export of goods.

The Economic System, Important in Britain in the 17th and 18th