what was the basic economic structure established by england? (1 point) import/export economy mercantilism…
what was the basic economic structure established by england? (1 point) import/export economy mercantilism market economy capitalism
Answer
Brief Explanations:
Mercantilism was the dominant economic system in England during the 16th - 18th centuries. It aimed to increase a nation's wealth through a positive balance of trade, government regulation of the economy, and the accumulation of precious metals. Import/export economy is too general, market - economy and capitalism developed later in a more comprehensive sense compared to mercantilism in the context of England's early economic development.
Answer:
B. mercantilism