The policy of mercantilism is best described as the idea that-

A. colonies should be self-sufficient economically and free to trade with anyone (answer)

B. government regulation is harmful to a country's economic growth

C. economic prosperity for the ruling country can only be achieved through naval superiority

D. colonies should buy goods from and send raw materials to the ruling country

Question

Phoenix Marks

28 October, 08:15

+3

Answers (1)

Know the Answer?

Jovany Wise · Answer 1

Mercantilism was based on the idea that a nation's wealth and power were best served by increasing exports and so involved increasing trade