1. What is mercantilism?
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believe in the benefits of profitable trading
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•Mercantilism was an economic system of trade that spanned from the 16th century to the 18th century.
•Mercantilism was based on the idea that a nation's wealth and power were best served by increasing exports and so involved increasing trade.
•Under mercantilism, nations frequently engaged their military might to ensure local markets and supply sources were protected, to support the idea that a nation's economic health heavily relied on its supply of capital.
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