INTRODUCTION TO ECONOMICS II (İKTİSADA GİRİŞ II) - (İNGİLİZCE) Dersi Fiscal Policy and Aggregate Expenditures soru detayı:

PAYLAŞ:

SORU:

What is mercantilism?


CEVAP:

Mercantilism is the economic theory that relates the wealth of a society and a government to precious metal stock of the country. Since getting strong and gaining reputation for a government depend on the surplus of precious metals, economic development is only possible by having low level of import and high level of export. This is the only way to increase precious metal stock that a country has.