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What is Mercantilism?

  • County/State: County Down
  • Country: Australia
  • Listed: 15th March 2019 12:21 pm
  • Expires: This ad has expired
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Mercantilism was the prevalent economic system of trade generally practised between the timeframe of 16th-18th century. Mercantilist theorists were of the opinion that the amount of wealth in the world was static. This is why the European nations took multiple measures and policies to ensure their nations amassed as much of this wealth as possible.

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