Description
ECS3705 Assignment 1 Semester 2 Memo | Due 25 September 2025. All questions fully answered. QUESTION 1 [18]
Having studied the Mercantilist school of thought, write a three-paragraph essay discussing Mercantilist views on wealth creation, wealth stimulation, and the role of government in the economy.
QUESTION 2 [12]
Based on your understanding of wealth creation according to Mercantilist thought, discuss whether this theory applies to South Africa. Explain how wealth (economic growth) is generated in the country, using relevant examples and statistics from key sectors. Limit your answer to a maximum of three paragraphs.
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