Question

what do you understand by mercantilism?​

Answer 1

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Mercantilism is an economic practice by which governments used their economies to augment state power at the expense of other countries. Governments sought to ensure that exports exceeded imports and to accumulate wealth in the form of bullion (mostly gold and silver).

Answer 2

Answer:

Mercantilism:-

Is an economic practice by which government's used their economies to augment state power at the expense of other countries.

Explanation:

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