The theory of mercantilism holds that a nation's economic power comes from a .

The correct answer is favorable balance of trade

Mercantilism was the set of economic ideas and practices, adopted and developed in Europe during the phase of commercial capitalism.

Mercantilism began to emerge in the Low Middle Ages (X to XV), a time when the process of forming national monarchies began.

However, it was only in the Modern Age (XV to XVIII) that it established itself as a national economic policy and reached its development.

While European monarchies were establishing themselves as modern states, kings received support from the commercial bourgeoisie, which sought to expand trade outside the country's borders.

In addition, the State granted him a monopoly on mercantile activities and defended national and colonial trade from interference by foreign groups.

danielu suge pula

explanation: