Which statement best describes the idea of mercantilism? a period of rebirth from 1300-1600 that started in Florence, Italy. economic system where the price of goods is based on the principles of supply and demand the process of obtaining goods through bartering A country must export more than they import, colonies were established for the financial benefit of the mother country.

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Dario Hodge

16 March, 17:22

Which statement best describes the idea of mercantilism? a period of rebirth from 1300-1600 that started in Florence, Italy. economic system where the price of goods is based on the principles of supply and demand the process of obtaining goods through bartering A country must export more than they import, colonies were established for the financial benefit of the mother country.

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Clarence Holmes · Answer 1

The correct answer is "the idea for colonies to be established for the financial benefit of the mother country". The first describes Renaissance, the second describes a market economic theory, and the third is trade deficit.