Question

We're the foundations of mercantilism theory sound?? Need help

Answer 1

No, Mercantilism proposed that by utilizing the military to safeguard local markets and supply sources, states might build a global economy. The difficulty is that the model assumes that every country would have a surplus of exports and will be able to expand by utilizing that excess. Not every country has a surplus, and as the economy grows and commerce becomes more successful, excess exports will inevitably diminish.

Answer 2

In short, no. Mercantalism theorized that nations could create a world economy by using the military to protect local markets and supply sources. The problem is, the model presumes that every nation will have a surplus of exports available, and be able to continue to grow through use of that surplus. Not all nations have a surplus, and as time progresses surplus exports will necessarily shrink with economic growth and success in trade.