2. The growth of the branch of economics took place in.
A. Germany
B. England.
C. France.
D. Japan.
Answers
Answer:
(C) France is the correct answer.
Hope it helps..!!❣
C. France
During 16th and 17th century, most of the European Nations adopt the the branch of economics as as a part of their system to promote growth of their ecomomies and development of the country. Mercantilist ideals were adopted by France during the 18th century and classical economics in Britain.
But Mercantilist theory was in favour of Colonialism since at that time there was a fight between major economies for holding most of the colonial countries, the growth of branch of economics also fastens and more focus was given to this branch.
The concept of Economic Nationalism was first proposed by Alexander Hamilton from the United States. From then, major ecomomies started to adopt the same procedure to boost their overall development and prosperity.
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