Question

what do you understand by mercantilism. why this policy result in wars

Answer 1

The economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances

Answer 2

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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 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's raw material could be bought cheap and finished products could be sold at a high price .

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's 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 led to intense rivalry and war on land and sea .