what is the basis for the economic theory of mercantilism that drove the exploration and settlement of north america by Europeans?
my answer is mercantilism is roosted in the idea that a nation's power stems from authority of absolute monarch.
Is this right?
roosted?
I don't understand is my answer the right answer?
I think you mean "rooted" not "roosted" -- right?
Read this, and then correct your answer:
http://www.onelook.com/?w=mercantilism&ls=a&loc=home_ac_mercantil
yes I mean rooted, but i still don't see the answer in the link that you provided. Please help.
To answer the question, you MUST be crystal clear on the meaning of "mercantilism" -- are you?
That link takes you to a website from which you can read the definition of any word from many different sources. Read many and make sure you understand the word and the concept completely. Then write your answer.
No, your answer is not entirely accurate. The economic theory of mercantilism was indeed a driving force behind the exploration and settlement of North America by Europeans, but its basis is not solely rooted in the authority of an absolute monarch.
Mercantilism is an economic theory that originated in Europe during the 16th-18th centuries. Its core principles revolve around the idea that a nation's wealth and power are determined by the amount of precious metals, specifically gold and silver, it possesses. Under mercantilism, nations sought to have a positive balance of trade, meaning they aimed to export more goods than they imported. This would bring in more precious metals and create a surplus.
To achieve this, European powers embraced an interventionist approach. They implemented policies such as establishing colonies, strict trade regulations, and the acquisition of overseas territories rich in resources. These measures were intended to exploit the colonial territories economically and extract valuable resources to support the mother country's economy.
While it is true that mercantilism often coincided with absolute monarchy during that time period, the underlying basis of the theory is the pursuit of economic prosperity through the accumulation of wealth, rather than focusing primarily on the authority of a monarch.