Question

Define “MERCANTILISM

Answer 1

Answer:

1. Belief in the benefits of profitable trading; commercialism.
2. 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.

Credit goes to: Google Dictionary

Answer 2

Answer:

Mercantilism is the Economic system that was used to increase wealth in countries during the sixteenth to eighteenth centuries.