Correct Answer: F Mercantilism

Mon, 04 May 2026 12:39:49 +0000

Understanding Mercantilism: The Correct Answer in Economic History When exploring the foundational economic systems of early modern Europe, the term F Mercantilism often arises as a key concept. But what exactly is mercantilism, and why is it considered the correct answer when examining state-driven economic policies from the 16th to 18th centuries? This article explores the principles of mercantilism, its historical significance, and why it remains the correct framework for understanding economic governance during that era. ### What Is Mercantilism? Mercantilism is an economic philosophy and protectionist policy dominance in Europe from roughly the 16th to the late 18th century. At its core, mercantilism asserts that national wealth and power are best served by maximizing exports, minimizing imports, and accumulating precious metals—particularly gold and silver—through a favorable balance of trade. Governments actively intervened in the economy, regulating production, trade, and colonial expansion to achieve these goals.