Question

What do you understand by mercantilism? Shorly​

Answer 1

Answer:

The definition of mercantilism is an economic system centered around the belief that a government can make a nation more prosperous by regulating trade and using tariffs and other protective measures to achieve a balance of exports over imports.

Explanation:

When a government sets trade regulations and imposes tariffs to make sure that there is an appropriate balance of exports over imports, this method of governing is an example ofmercantilism.

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Answer 2

Answer:

Mercantilism is a powerful that is designed to maximize the exports and minimise the imports for an economy.

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