jyshawn
jyshawn jyshawn
  • 21-11-2019
  • Social Studies
contestada

What is the definition of the word mercantilism

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AnonymousPerson14
AnonymousPerson14 AnonymousPerson14
  • 21-11-2019

Answer:

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.

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zionariaelina zionariaelina
  • 21-11-2019

Answer:

Belief in the benefits of profitable trading.

The historical meaning is

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.

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