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Lunna [17]
3 years ago
12

What was the reason Britain and other European nations practiced the mercantilism theory?

History
1 answer:
padilas [110]3 years ago
7 0

Explanation:

mercantilism, economic theory and practice common in Europe from the 16th to the 18th century that promoted governmental regulation of a nation's economy for the purpose of augmenting state power at the expense of rival national powers. It was the economic counterpart of political absolutism.

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