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Louis Xiv
Terms to know from section 1
Term | Definition |
---|---|
Absolutism | belief in or use of absolute power. |
Mercantilism | economic theory of gaining wealth. |
Export | sales of good to outside countries. |
Import | buying good from other countries. |
Balance of Trade | difference in value of imports and exports. |
Balance of Power | Weak countries band together to match or exceed larger countires. |