What were the primary goals of mercantilism as practiced by the Europeans?
A)To secure financial rewards for the entrepreneurs.
B)To allow the impoverished a chance to rise in society.
C)To bring maximum income to the royal throne.
D)To secure a favorable balance of foreign trade and increase bullion reserves.
E)To develop a wide range of products for export to colonies.

Question

Quizplus · Accepted Answer

Mercantilism was an economic system that aimed to increase the wealth and power of a nation by maximizing exports and minimizing imports, thereby securing a favorable balance of foreign trade and increasing bullion reserves.

What Were the Primary Goals of Mercantilism as Practiced by the Europeans