Question

Many years ago, the Republic of Janua believed that it was in its best interests to maintain a trade surplus, to export more than it imports. In so doing, the Republic of Janua hoped to accumulate gold and silver, and consequently, increase its national wealth, prestige, and power. What influenced the Republic of Marunia's approach to international trade?

Answer 1

Answer:

Mercantilism.

Explanation:

Mercantilism is known as a system by means of which countries intend to accumulate wealth by trading one another, make more exports than imports and try to accumulate precious metals, such as gold and silver.

It is worth pointing out that mercantilism replaced the feudal economic system in Western Europe.