1
Question
___________ is a practice by which governments used the economy to augment state power at the expense of other countries.
___________ is a practice by which governments used the economy to augment state power at the expense of other countries.
Open in App
Solution
The correct option is A Mercantilism
The goal of mercantilism is to gather as much wealth as possible because wealth impacted the nation’s power. According to the concept of mercantilism, a country can become powerful in two ways. One, the country has to accumulate the largest share of wealth in the form of gold and silver. Two, a country can also develop its wealth by exporting more and importing less.
The goal of mercantilism is to gather as much wealth as possible because wealth impacted the nation’s power. According to the concept of mercantilism, a country can become powerful in two ways. One, the country has to accumulate the largest share of wealth in the form of gold and silver. Two, a country can also develop its wealth by exporting more and importing less.
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
