Question

what is mercantilism ?

Answer 1

the economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism.

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Answer 2

The prosperity of a country depends on its capability to produce more than it consumes and export more than it import in order to maintain a positive balance of trade. This type of practice in trade is called mercantilism.
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