2.1  Balance of trade and  wealth of nation  2.2  The Quantity Theory of Money 2.3  Efficiency in production 2.4  Measur

2.1 Balance of trade and wealth of nation 2.2 The Quantity Theory of Money 2.3 Efficiency in production 2.4 Measur PowerPoint PPT Presentation


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2. 2.1 Balance of trade and wealth of nation'Mercantilism' (unfashionable term no single school of thought) / pre-classical economic thought: characteristics;Wealth-getting no longer considered sinfulGovernment (prince') the principal economic agentCommercial wars between nation states.

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2.1 Balance of trade and wealth of nation 2.2 The Quantity Theory of Money 2.3 Efficiency in production 2.4 Measur

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