what do you mean by mercantilism
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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 It is often considered an outdated system.
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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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