Write short notes on the following:
1. Mercantalism
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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.
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Qᴜᴇꜱᴛɪᴏɴ → ᴡʀɪᴛᴇ ꜱʜᴏʀᴛ ɴᴏᴛᴇꜱ ᴏɴ ᴛʜᴇ ꜰᴏʟʟᴏᴡɪɴɢ:
1. ᴍᴇʀᴄᴀɴᴛᴀʟɪꜱᴍ
→ ᴍᴇʀᴄᴀɴᴛɪʟɪꜱᴍ ᴡᴀꜱ ᴀɴ ᴇᴄᴏɴᴏᴍɪᴄ ꜱʏꜱᴛᴇᴍ ᴏꜰ ᴛʀᴀᴅᴇ ᴛʜᴀᴛ ꜱᴘᴀɴɴᴇᴅ ꜰʀᴏᴍ ᴛʜᴇ 16ᴛʜ ᴄᴇɴᴛᴜʀʏ ᴛᴏ ᴛʜᴇ 18ᴛʜ ᴄᴇɴᴛᴜʀʏ. ... ᴜɴᴅᴇʀ ᴍᴇʀᴄᴀɴᴛɪʟɪꜱᴍ, ɴᴀᴛɪᴏɴꜱ ꜰʀᴇQᴜᴇɴᴛʟʏ ᴇɴɢᴀɢᴇᴅ ᴛʜᴇɪʀ ᴍɪʟɪᴛᴀʀʏ ᴍɪɢʜᴛ ᴛᴏ ᴇɴꜱᴜʀᴇ ʟᴏᴄᴀʟ ᴍᴀʀᴋᴇᴛꜱ ᴀɴᴅ ꜱᴜᴘᴘʟʏ ꜱᴏᴜʀᴄᴇꜱ ᴡᴇʀᴇ ᴘʀᴏᴛᴇᴄᴛᴇᴅ, ᴛᴏ ꜱᴜᴘᴘᴏʀᴛ ᴛʜᴇ ɪᴅᴇᴀ ᴛʜᴀᴛ ᴀ ɴᴀᴛɪᴏɴ'ꜱ ᴇᴄᴏɴᴏᴍɪᴄ ʜᴇᴀʟᴛʜ ʜᴇᴀᴠɪʟʏ ʀᴇʟɪᴇᴅ ᴏɴ ɪᴛꜱ ꜱᴜᴘᴘʟʏ ᴏꜰ ᴄᴀᴘɪᴛᴀʟ.
hope it help uh❤
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