An executive order is a signed, written, and published directive from the President of the United States that manages operations of the federal government. They are numbered consecutively, so executive orders may be referenced by their assigned number, or their topic. Other presidential documents are sometimes similar to executive orders in their format, formality, and issue, but have different purposes. Proclamations, which are also signed and numbered consecutively, communicate information on holidays, commemorations, federal observances, and trade. Administrative orders—e.g. memos, notices, letters, messages—are not numbered, but are still signed, and are used to manage administrative matters of the federal government. All three types of presidential documents—executive orders, proclamations, and certain administrative orders—are published in the Federal Register, the daily journal of the federal government that is published to inform the public about federal regulations and actions. They are also catalogued by the National Archives as official documents produced by the federal government. Both executive orders and proclamations have the force of law, much like regulations issued by federal agencies, so they are codified under Title 3 of the Code of Federal Regulations, which is the formal collection of all of the rules and regulations issued by the executive branch and other federal agencies.
Executive orders are not legislation; they require no approval from Congress, and Congress cannot simply overturn them. Congress may pass legislation that might make it difficult, or even impossible, to carry out the order, such as removing funding. Only a sitting U.S. President may overturn an existing executive order by issuing another executive order to that effect.
Mercantilism is defined as the policy by which a nation required to export more than its imported in order to build its supply. The features of mercantilism consist of Foreign trade which placed emphasis on a satisfactory balance of trade, Importance of money which considered money as the source of all powers and laid great emphasis on the gold and silver’s importance, Interest which formed a significant part of mercantilism however there was no unanimity among the various mercantilists concerning to its use and significance, Factor of production which well thought-out the land and the labor as the sole features of production, Large populations which emphasized the need of retaining large population for accumulative production and participation in the war, Lastly Commercial regulations which acknowledged the need of commercial regulation for the even working of the economy and advancement of social welfare.
