Question

Define the term merc antilism​

Answer 1

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.

Answer 2

Answer:

mercantilism

/ˈməːk(ə)ntəˌlɪz(ə)m,məːˈkantɪlɪz(ə)m/

noun

belief in the benefits of profitable trading.

HISTORICAL

the economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism.

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