What is mercantilism.
mansikumari:
buying the goods at low price and selling it for higher price
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☜☆☞ MERCANTILISM:-
▶ Mercantilism is a national economic policy designed to maximize the trade of a nation and, historically, to maximize the accumulation of gold and silver (as well as crops).[citation needed] Mercantilism was dominant in modernized parts of Europe from the 16th to the 18th centuries[1] before falling into decline, although some commentators argue[2] that it is still practised in the economies of industrializing countries in the form of individual rights.
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☜☆☞ MERCANTILISM:-
▶ Mercantilism is a national economic policy designed to maximize the trade of a nation and, historically, to maximize the accumulation of gold and silver (as well as crops).[citation needed] Mercantilism was dominant in modernized parts of Europe from the 16th to the 18th centuries[1] before falling into decline, although some commentators argue[2] that it is still practised in the economies of industrializing countries in the form of individual rights.
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According to the theory of merchantilism the prosperity of a country depends upon its capability to produce more than its consume and exports more than it imports in order to maintain a positive balance of trade
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