Question

Mercantalism can best be described as?

Answer 1

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.

Answer 2

Mercantilsm is belief in benefit from trading, Mercantalism is similiar to Commercialism in some ways. Mercantilism is based on the thought that a nation's prosperity and power is best served by increasing exports and so involved soaring trade.