Question

Choose the correct definition of mercantilism.

A) a political policy to take over more territory and build
settlements
B an economic policy in which the goal is to gain wealth
by exporting more goods than are imported
can economic policy to refuse to trade with other
countries or colonies
D) a political policy to fund explorations for future profit

Answer 1

B an economic policy in which the goal is to gain wealth

by exporting more goods than are imported

Step-by-step explanation:

Mercantilism is an economic policy that is designed to maximize the exports and minimize the imports for an economy. It promotes monarchy, aristocracy, clericalism, militarism, imperialism, colonialism, tariffs and subsidies on traded goods to achieve that goal.

noun

belief in the benefits of profitable trading; commercialism.

HISTORICAL

the economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism.