liceinyourrice liceinyourrice

23-06-2024
Social Studies

Answered

The protectionist economic principle that nations should control trade with their colonies to ensure a favorable balance of trade is

A. mercantilism
B. serfdom
C. capitalism
D. nationalism

Answer :

GinnyAnswer GinnyAnswer

23-06-2024

Final answer:

Mercantilism is an economic principle focused on trade control for national wealth and power.

Explanation:

Mercantilism is an economic principle that emphasizes governments' pursuit of wealth through trade control, leading to the expansion of colonial activities. It involves restricting imports, promoting exports, and accumulating precious metals to boost a nation's economy. Mercantilism was widely practiced from the 16th to the 18th centuries with the goal of maximizing a country's wealth and power.

Learn more about Mercantilism here:

https://brainly.com/question/42445287

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