2. When a nation (such as England) becomes independently wealthy, and therefore more powerful than others, by trading exclusively with its own colonies; that nation is practicin…

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asked Sep 17, 2024 144k views

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Perfume · Answer 1 · 2024-09-20T08:26:27+0000

The correct answer is b. Mercantilism. Mercantilism refers to an economic and political policy where a nation seeks to increase its wealth and power by maximizing exports and minimizing imports. This is often achieved through strategies such as establishing colonies and exploiting their resources while maintaining a favorable trade balance.

2. When a nation (such as England) becomes independently wealthy, and therefore more powerful than others, by trading exclusively with its own colonies; that nation is practicin…

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