History, asked by babitabhauryal, 10 months ago

a national economic policy that seeks to create profits by strict control of trade so as to increase power of the nation ​

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Answered by sreehasinimarturi
2

Answer:

Definition: Mercantilism is an economic theory where the government seeks to regulate the economy and trade in order to promote domestic industry – often at the expense of other countries. Mercantilism is associated with policies which restrict imports, increase stocks of gold and protect domestic industries.

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