Advertisements
Advertisements
Question
With reference to Mercantilism answer the following question:
What is meant by the term Mercantilism?
Advertisements
Solution
Mercantilism refers to a collection of economic maxims of strict practical utility aimed at maintaining a favorable balance of trade by discouraging imports and encouraging exports. These were meant to ensure the prosperity and security of the state.
RELATED QUESTIONS
Which are the two factions of the Church?
Who founded the Society of Jesus?
What did the Puritans want people to do?
Mention the main point on which Luther and Zwingli disagreed.
The Movement against the Roman Catholic Church is called the Reformation. Discuss its causes with reference to the following:
Sale of Indulgences
What forces and factors contributed to the rise of Nation-States in Europe?
What are known as indulgences?
Which of the two divisions of the Church prevailed in the Scandinavian countries?
State the contribution of the following to the protestant movement.
Ulrich Zwingli
With reference to Mercantilism answer the following question:
Explain briefly the basic principles of Mercantilism.
