Mercantilism FLASHCARD

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Under Mercantilism, any "extra products" that are produced should be

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SOLD to foreign countries in exchange for gold and silver

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Under Mercantilism, if your country is unable to access certain goods, then your country should

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TRADE a product or good to a different country in order to get the needed products

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Under Mercantilism, IMPORTS of products from OTHER COUNTRIES should be

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DISCOURAGED because citizens should be ONLY purchasing goods made by their HOME COUNTRY (Britain)

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_______ means to SHIP GOODS INTO your country

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IMPORT

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_____ means to SHIP GOODS OUT of your country.

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Export