Question

what is mercantile system?​

Answer 1

Answer:

Adam Smith coined the term “mercantile system” to describe the system of political economy that sought to enrich the country by restraining imports and encouraging exports. This system dominated Western European economic thought and policies from the sixteenth to the late eighteenth centuries.

Explanatio

Answer 2

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Adam smith coined the term" mercantile system" to describe the system of political economy that sought to enrich country by restraining imports and encouraging exports..