bourgeoisie

bourgeoisie

were group of people who did not belong to the traditional social classes

bourgeoisie

group of artisans and traders

bourgeoisie

middle class in the society

bourgeoisie

moneylenders and investors in the government

bourgeoisie

developed the market outside the territories of the landlords and the church

bourgeoisie

established the idea that a person posses the right to love in freedom

mercantilism

first theory of international trade

mercantilism

an economic concept for the purpose of building a wealthy and powerful state

Bullionism

the economic policies that pursued by mercantilists

adam smith

coined the term: “mercantile system”

mercantile system

to describe the system of political economy that sought to enrich the country by avoiding imports and encouraging exports

Jean Baptiste colbert

the french finance minister

mercantile system

assumes the wealth of a nation depends primarily on possesion of precious metals

gold and silver

were the currency of trade between countries

exporting goods

will make a country wealthier

thomas mun

“the ordinary means therefore to increase our wealth and trasure is by foreign trade, wherein we must follow this rule”

thomas mun

english mercantilist

thomas mun

suggests that the government should play an active role in the economy by encouraging exports