asked 14.6k views
22 votes
"We must ever observe this rule: to sell more . . . Yearly than we consume . . . In value" what does this quote mean

asked
User Towi
by
8.1k points

1 Answer

6 votes

Answer:

makes an inference to the positive aspects of trade surplus.

Step-by-step explanation:

The quote "We must observe this: to sell more...Yearly than we consume...In vuale" has been quoted from the book "Thomas Mun: England's Treasure By Forraign Trade(1664)."

This quote simply makes an inference to the positive aspects of trade surplus in an economy. It says that a nation's wealth and economic success depend on its enhanced and successful Foreign Trade.

If a country"s export exceeds import, it means that the nation is successful and has trade surplus. Whereas, if import exceeds export, the nation is not successful as it needs to depend on other nations for its survival.

answered
User Dreen
by
8.4k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.