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What is the definition of the word mercantilism

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Answer:

Belief in the benefits of profitable trading.

The historical meaning is

The economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism.

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User George Findulov
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2 votes

Answer:

The economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism.

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User Nato
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