How does mercantilism work? Select one only.

Governments should regulate trade by exporting more goods than it imports.
Countries initially experience an initial drop in economic output.
Goods and services are bought and sold in the free market.
Producers are allowed to operate their businesses for profit.

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first industrial revolution - the first wave of the industrial revolution lasted from the late 1700s to the mid-1800s. it industrialized the manufacture of textiles and began the move of production from homes to factories. steam power and the cotton gin played an important role in this period.