Geography, asked by hatimamani, 1 year ago

what do you mean by mercantilism​

Answers

Answered by SharmaHarish
2

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 It is often considered an outdated system.

Hope this helps you.

Answered by Vesperia
4

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The policy of protecting the country's trade from foreign competition to increase trade profits came to be known as mercantilism .

The rulers short colonies where raw material could be bought cheap and finished products could be sold at a high price.

This quest for trade centres in different parts of the world lead to intense rivalry and war on land and sea.

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