strengths and weaknesses of Neo-mercantilism
Answers
Answer:
What Are the Pros of Mercantilism?
It encourages the complete development of all natural resources. ...
It encourages trade deficits for foreign nations. ...
It naturally reduces unemployment rates. ...
Cultural exchanges are encouraged to promote trade. ...
It creates high levels of resentment
Answer:
benifit of Mercantilism
Encourages the development of natural resources. ...
It enhances trade deficits for foreign countries. ...
Lower unemployment rates. ...
Industrial and national growth. ...
Culture and international relations. ...
Made the nation more powerful. ...
Created a market for finished goods
weakness of Mercantilism?
It creates high levels of resentment. Trickle-down economics works on paper. ...
It creates a preference for the mother nation to always be first. ...
There is always a risk of local raw materials and resources running out. ...
The system is ultimately quite inefficient
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