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Musya8 [376]
3 years ago
5

Explain the economic theory of mercantilism.

History
1 answer:
JulijaS [17]3 years ago
6 0

Mercantilism was the theory of trade espoused by the major European powers from roughly 1500 to 1800. It advocated that a nation should export more than it imported and accumulate bullion (especially gold) to make up the difference. The exportation of finished goods was favored over extraction industries like farming.

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