Question

what do you understand by mercantilism​

Answer 1

Answer:

Mercantilism is an economic policy that is designed to maximize the exports and minimize the imports for an economy. It promotes imperialism, tariffs and subsidies on traded goods to achieve that goal.

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Answer 2

$\huge \mathfrak \purple{answer}$

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

$\huge \mathfrak \blue{happy \: learning}$