Answer: Accumulating precious metals
Mercantilism is an economic policy that is designed to maximize the exports and minimize the imports for an economy. It promotes imperialism colonialism tariffs and subsidies on traded goods to achieve that goal. The policy aims to reduce a possible current …
Mercantilist policies (such as forbidding trade with other empires and controls over smuggling) were a major irritant leading to the American Revolution. Mercantilism taught that trade was a zero-sum game with one country’s gain equivalent to a loss sustained by the trading partner.
Sat Jan 12 2002 13:30:00 GMT-0500 (Eastern Standard Time) · Meritocracy (merit from Latin mereō and -cracy from Ancient Greek κράτος kratos ‘strength power’) is a political system in which economic goods and/or political power are vested in individual people on the basis of talent effort and achievement rather than wealth or social class. Advancement in such a system is based on performance as measured through examination or …
The history of economic thought deals with different thinkers and theories in the subject that became…