question archive Which of the following is a key aspect of the mercantilist system? a
Which of the following is a key aspect of the mercantilist system? a
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Which of the following is a key aspect of the mercantilist system?
a. It focused on production as the key source of profits.
b. It used market competition as its main regulating force.
c. Through its emphasis on mercantile trade, it increased the number of trading partners any one country or colony would have.
d. All of the above are key elements of the mercantile system.
e. None of the above.
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The correct option is c. Through its emphasis on mercantile trade, it increased the number of trading partners any one country or colony would have.
The mercantilist system is a type of trade protectionism policy where a nation restricts imports by imposing barriers and encourage exports hence a colony may expand its horizon and many trade partners.
