Question

what do you understand by mercantilism

Answer 1

mercantilism is an economic theory and practice common in europe fom 16 to 18 century. it was the economic counterpart of political absolutism.it includes a national economic policy . it was a cause of frequent european wars and also motivated colonial expansions

Answer 2

It is an economic policy that was common in Europe between the sixteenth and the eighteenth century. It promoted the European government's economic policies thereby boosting the national Economy. It aimed at balance of trade and at the same it augmented the rivalry of other state powers.