3 years ago

Explain the economic theory of mercantilism.

1 answer:

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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4 years ago

Use this timeline to answer the question below.

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2 years ago

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