Question

explain mercantilism in about 250 words​

Answer 1

Answer:

Mercantilism is an economic theory that holds the prosperity of a nation depends upon its supply of capital and the global volume of trade. While capitalism implies that the means of production are mostly owned for profit and distribution, investment, pricing are determined by market economy.

Explanation:

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Answer 2

Answer:

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.

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