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Mercantilism was the economic philosophy underlying English colonial policy. The object of mercantilism was to enhance the wealth of the Mother County (Great Britain) in gold & silver. To complete that goal, a favorable balance of trade was desired. That means that a nation would sell more than it would obtain, therefore creating a surplus in the treasury. The name of the philosophy points out the significant is of merchants in this policy. Merchants would sell products to foreign nations and purchased items to be sold within the nation. Colonies played a very important role in mercantilism. A colony would supply the essential raw materials to the industries of England and the colonists would be a source of income to the nation due to they would buy the finished products and supplies they required to grow, from the Mother Country. The ideal was to become self-sufficient. The nation would make everything its people required and buy nothing from foreign nations. Hence the ideal could not be accomplished in the actual world of economics, the object of mercantilism was to minimize imports that cost money and maximize exports and the trade that brought money in to the nation.
Advanced Technology, Inc., (ATI) is evaluating a contract proposal calling for it to build and test bearings using a newly patented surface configuration. ATI would receive $1.4 mi
Explain about the influence of warranty and political pressure in IS project. Warranty: When a system is being developed under contract, this frequently carries a warranty
difference b/w statistics in singular and plural sense
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(a) Name three types of government interventions and 3 economic factors affecting the business environment and with given example explain how these affect the business environment.
A manufacturing company has determined from an analysis of its accounting and production data for a certain part that : a. Its demand is 9000 units per annum and is uniform
What are colonial background countries of the development process? A colony is a country controlled by other. Various European countries had extensive empires as: • Latin
explain ththe test marketing approaches followed by fmcg companys
How is the installation and commissioning affects the IS project? Installation and commissioning: This stage of a project is frequently either forgotten or underestimated
explain total productivity
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