Q. Very short answer.
1. What is mercantilism?
Answers
Answered by
1
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.
Explanation:
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Answered by
1
Answer:
belief in the benefits of profitable trading
Explanation:
and its historical meaning of mercantilism
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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