Economic theory stating that there is a fixed amount of wealth; therefore to receive a lancer share, one country must take wealth from another

Question

History

Linda Floyd

8 September, 19:25

Economic theory stating that there is a fixed amount of wealth; therefore to receive a lancer share, one country must take wealth from another

+1

Answers (1)

Know the Answer?

Kenna Mckenzie · Answer 1

Answer - M ercantilism

Mercantilism is an economic theory which holds the belief that the world contained a fixed amount of wealth. It posits that in order to increase its own wealth, one country had to take wealth from another country.