The benefits of mercantilism include increased employment, the development of new technologies and products, and positive cultural exchanges as mercantilism nations seek new markets and raw material sources, whereas the disadvantages of the system include increased conflict between nations, growth in trade protectionism and the development of trade monopolies. The Library of Economics and Liberty defines mercantilism as a form of nationalism aimed at building a wealthy and powerful state.
Answer:
policy matter and managers plan in advance whether to go for centralised or decentralised policy.
Explanation:
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A key figure of the Harlem Renaissance, James Weldon Johnson was a man of many talents. Not only was he a distinguished lawyer and diplomat who served as an executive secretary at NAACP for a decade, he was also a composer who wrote the lyrics for "Lift Every Voice and Sing," known as the Black national anthem.
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