colonial systems

What Is Mercantilism In Your Own Words?

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What Is Mercantilism In Your Own Words? Mercantilism, also called “commercialism,” is a system in which a country attempts to amass wealth through trade with other countries, exporting more than it imports and increasing stores of gold and precious metals. It is often considered an outdated system. What is mercantilism in kid terms? Mercantilism was

What Is Mercantilism In Simple Words?

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What Is Mercantilism In Simple Words? Mercantilism is an economic practice by which governments used their economies to augment state power at the expense of other countries. Governments sought to ensure that exports exceeded imports and to accumulate wealth in the form of bullion (mostly gold and silver). What is mercantilism short answer? Mercantilism, also