What is Mercantilism and what is it based on?

History

2 answers:

lutik1710 [3]3 years ago

6 0

Answer:

Mercantilism was an economic system of trade that spanned from the 16th century to the 18th century. Mercantilism was based on the idea that a nation's wealth and power were best served by increasing exports and so involved increasing trade.

Explanation:

storchak [24]3 years ago

3 0

Answer:

Mercantilism is an economic practice by which governments used their economies to augment state power at the expense of other countries.

Explanation:

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