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An economic system that favored exporting over importing and measured a country's wealth in terms of how much gold and silver it possessed was known as what?

socialism
mercantilism
capitalism
feudalism

User GokcenG
by
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2 Answers

6 votes

Answer:

Mercantilism

Step-by-step explanation:

User Noah Roth
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2 votes

Mercantilism

Mercantilism a system whereby a country attempts to amass wealth through trade with other countries. According to this theory, the amount of wealth in the world was static. As a result, European nations took several steps to ensure their nations accumulated as much of this wealth as possible.


User Anjan Biswas
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9.0k points
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