What is an economic theory that a country's strength is measured by the amount of gold it has

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Social Studies

Rylee Haney

15 July, 14:15

What is an economic theory that a country's strength is measured by the amount of gold it has

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Dawson Black · Answer 1

Mercantilism is the correct answer.

In the mercantilism economic theory, it is believed that a country has to sell more than it buys. In this system, colonies are explored for the benefit of the Mother Country. According to the mercantilism theory, a country's strength, power and success are measured by the amount of gold it has.