Question

Mercantilism was based on a nation's power and wealth, which was enabled by _____. the size of its army the ability to import more goods than export the amount of precious metals that could be had the size of its population

Answer 1

Mercantilism was based on a nation's power and wealth, which was enabled by the amount of precious metals that could be had. The wealth of the nation is all based on the precious metals that it can use, and if there is an abundance of these, the nation will be a great trading spot as well.

Answer 2

Answer: the amount of precious metals that could be had.

Mercantilism believed that a nation was rich based on how big their reserves were for precious metals like gold and silver. Exporting lots of gold and silver, during the time mercantilism was in place as an economic system, exhibited a nation’s wealth.