2. Define mercantilism. How was it beneficial for the European trading companies?
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Mercantilism was an economic system of trade that spanned from the 16th century to the 18th century. ... 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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mercantilism is the popular economic theory that practice from the 17th century .
it is beneficial for European trading companies because
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