Скачать или смотреть What Is A Favorable Balance Of Trade In Mercantilism?

Delve into the foundational economic doctrine of mercantilism and uncover its core principle: the 'favorable balance of trade.' This video explains what this concept meant for nations in the early modern era and why it was considered crucial for national power and wealth.

Key concepts explored include:
► Understanding mercantilism as a 16th to 18th-century economic theory.
► Defining a 'favorable balance of trade' as exporting more than importing.
► How nations aimed to accumulate gold and silver through trade surpluses.
► The role of government intervention in fostering domestic industry and restricting imports.
► The historical impact and criticisms of mercantilist trade policies.


#Mercantilism, #EconomicHistory, #TradeBalance, #FinancialHistory, #HistoricalEconomics, #EconomicTheory