Answered

The principles of mercantilism included which of the following?

A. Policies to balance imports and exports
B. The abandonment of colonization
C. Support for independent small merchants as the lifeblood of the economy
D. In order to get wealth, nations had to take it from other people



Answer :

GinnyAnswer

Final answer:

Mercantilism aimed to strengthen nations by maximizing wealth and trade, with examples from the British Empire showcasing its implementation.


Explanation:

Mercantilism was a set of economic ideas that aimed to strengthen a nation by increasing its wealth, population, and shipping capabilities. Governments implemented policies to acquire bullion, maintain a positive balance of trade, and achieve economic self-sufficiency. An example of mercantilism can be seen in the British Empire, which discouraged colonies from importing foreign products to promote British goods and imposed tariffs to maintain a favorable trade balance.


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