According to the economic theory of ________, a nation's prosperity relies on a more productive use of human capital and that by increasing the division of labor there would be greater productivity, the development of new machinery and of new skills and trades among workers.
A) mercantilism
B) capitalism
C) Chartism
D) syndicalism

Question

Quizplus · Accepted Answer

The economic theory described aligns with the principles of capitalism, which emphasizes the importance of productivity, division of labor, and innovation to drive economic growth and prosperity. Mercantilism, on the other hand, prioritizes trade surpluses and protectionist policies, while Chartism and syndicalism are political movements that advocate for social and labor reforms rather than economic theories.

According to the Economic Theory of ________, a Nation's Prosperity