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What was the economic philosophy of mercantilism?

Choose one answer:

A. Merchants and trade are the key to a nation's wealth and therefore free trade must be preserved at all costs.
B. Colonies exist to enrich the home country and therefore shouldn't be allowed to trade with anyone except the home country.
C. Colonies extend an empire's trading posts to distant locations and therefore should try to cultivate as many new trading partners as possible.



Answer :

GinnyAnswer

Final answer:

Mercantilism was an economic philosophy emphasizing wealth accumulation through exports and restricting imports to maintain a positive balance of trade.


Explanation:

Mercantilism was an economic philosophy during the 16th to 18th centuries that focused on accumulating wealth as the path to national prosperity. It emphasized encouraging exports and discouraging imports to maintain a positive balance of trade. This system believed that a nation's wealth was measured by the amount of gold and silver it possessed.


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