Economics and Business


What is mercantilism?

An economic system that developed as feudalism was dissolving (at the end of the Middle Ages [500–1350]), mercantilism advocates strict government control of the national economy. Its adherents believe a healthy economy can only be achieved through state regulation. The goals were to accumulate bullion (gold or silver bars), establish a favorable balance of trade with other countries, develop the nation’s agricultural concerns as well as its manufacturing concerns, and establish foreign trading policies.


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