Accountancy, asked by rudrabacksoul, 9 months ago

mercantilism explain​

Answers

Answered by gracy55
0

Explanation:

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. It is often considered an outdated system.

Answered by Shanaya331990
1

Answer:

Mercantilism

Mercantilism is an economic practice by which governments used their economies to augment state power at the expense of other countries. Governments sought to ensure that exports exceeded imports and to accumulate wealth in the form of bullion (mostly gold and silver).

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