Question

2. Define mercantilism. How was it beneficial for the European trading companies?​

Answer 1

Answer:

Mercantilism, also called "commercialism,” is a system in which a country attempts to amass wealth through trade with other countries, exporting more than it imports and increasing stores of gold and precious metals.

Mercantilism replaced the feudal economic system in Western Europe. ... 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