What is mercantilism ?
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Mercantilism is the economic theory that a nation's prosperity depends upon its supply of gold and silver, that the total volume of trade is unchangeable. ... These ideas stemmed from bullionism, a theory that precious metals equal wealth.
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Mercantilism, also called "commercialism,” is a system in which a country attempts to amass wealth through trade with other countries, exporting more than it imports and increasing stores of gold and precious metals. It is often considered an outdated system
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