66.3k views
4 votes
What is an economic theory that a country’s strength is measured by the amount of gold it has

User Iscle
by
8.5k points

1 Answer

4 votes

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.

User Bela Vizer
by
8.0k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.