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

Answer:

☆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.

one more meaning:-

☆Mercantilism is an economic policy that is designed to maximize the exports and minimize the imports for an economy. It promotes imperialism, tariffs and subsidies on traded goods to achieve that goal. These policies aim to reduce a possible current account deficit or reach a current account surplus. 

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Explanation:

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