Mercantilism in Great Britain consisted of the economic position that, in order to increase wealth, its colonies would be the supplier of raw materials and exporter of finished products. Mercantilism brought about many acts against humanity, including slavery and an imbalanced system of trade.
Mercantilism in Great Britain consisted of the economic position that its colonies would be producers of raw materials and exporters of finished goods in order to raise prosperity. Mercantilism, like slavery and an imbalanced system of trade brought in many acts against humanity.
The views of mercantilism differed from Adam Smith because mercantilism believe of limiting the growth of wealth and Adam smith believes that economic growth should be lead by our own selfish self-interests.
