Mercantilism, Definition & Examples

mercantilism, economic theory and practice common in Europe from the 16th to the 18th century that promoted governmental regulation of a nation’s economy for the purpose of augmenting state power at the expense of rival national powers. It was the economic counterpart of political absolutism. Its

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Mercantilism Definition of Mercantilism Mercantilism is an economic theory stating that colonies exist to benefit the parent country. - ppt download

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