Questions

Mercantilism was the principle that wealth of a nation comes from trading with other nations and also comes by imposing government regulations on all of the nation's economic interests.

The main principles of mercantilism:

• the country's wealth is determined by the amount of precious metals in the country,

• Wealth is created in business relations (International Trade)

• The goal is an active trade balance of trade,

• to serve protectionism, government subsidies and the issue of protective tariffs.

The 13th G20Summit 2018 held in Argentina and next year 2019 14th G20 Summit will be hed in Osaka, Japan.

The council of ministers is collectively responsible to House of the People. Cabinet collective responsibility, also known as collective ministerial responsibility, is a constitutional convention in Parliamentary systems that members of the cabinet must publicly support all governmental decisions made in Cabinet, even if they do not privately agree with them.

In 1769 Arkwright patented the invention that made him rich, and his country an economic powerhouse: The spinning frame. The spinning frame was a device that could produce stronger threads for yarns.