Question

The various ways in which European governments acquired money came to be known as _____________. Thus, mercantilism was not a strict economic theory with certain rules. Instead, it reflected an evolving set of economic policies put forward by nations to serve their own interests i need help

Answer 1

Mercantilism

Step-by-step explanation:

The various ways in which European governments acquired money came to be known as MERCANTILISM. This is a form of economic strategy which was popular by the powerful Europeans around the sixteenth and eighteenth century.

It was created to help the European countries to gain heavily from their export through costly prices and readily available markets while buying or importing raw material at a very lower cost. It generally involves imperialism.