Question

What is mercantilism.???explain ​

Answer 1

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→Mercantilism was an economic system of trade that spanned from the 16th century to the 18th century.

→ Under mercantilism, nations frequently engaged their military might to ensure local markets and supply sources were protected, to support the idea that a nation's economic health heavily relied on its supply of capital.

Answer 2

Explanation:

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.