Question

what is merchantalism​

Answer 1

Explanation:

- Increasing the wealth of a nation by increasing their gold and silver reserves.

- Creating a favorable Balance of trade

- 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

- Great Britain was a stellar example of mercantilism in its earlier history. ... The British government had a very tight grip on its trade industry during this era. It would protect its merchants – while keeping other empires' merchants out – via trade barriers, regulations, and subsidies offered to domestic industries.

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Answer 2

Merchantalism is 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.