Answer :
Answer: The correct options is (a) True.
Explanation:
Mercantilism held that nations may increase their dominance by accumulating wealth.
What does mercantilism truly mean?
The mercantilist theory of economics emphasizes self-sufficiency as having a favorable trade balance. Mercantilist policies place a higher priority on accumulating wealth and resources than on maintaining a positive trade balance with other countries.
What is the fundamental premise of mercantilism?
A trade-based economic system, mercantilism existed from the 16th through the 18th centuries. Growing exports was thought to be the best way for a country to increase its wealth and power, hence mercantilism meant boosting trade.
Explain contemporary capitalism?
Occasionally, mercantilism is associated with the following actions in the modern era:
•Undervaluation of currency, as by the government, for instance
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