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What are the pros and cons of mercantilism

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User Galaxyan
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Answer:

It encourages the complete development of all natural resources.

It encourages trade deficits for foreign nations.

It naturally reduces unemployment rates.

Cultural exchanges are encouraged to promote trade.

Cons :

It creates high levels of resentment.

It creates a preference for the mother nation to always be first.

There is always a risk of local raw materials and resources running out.

The system is ultimately quite inefficient.

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User Venetia
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