According to the theory of mercantilism,a country should develop policies that encourage a favourable balance of trade.

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Mercantilism emphasizes on accumulating wealth through a positive balance of trade where a country exports more than it imports, resulting in a surplus. Therefore, according to mercantilism theory, a country should develop policies that encourage a favourable balance of trade.

According to the Theory of Mercantilism,a Country Should Develop Policies