188k views
4 votes
Helpppp Pleaseee!!!
What is mercantilism and who did it benefit?

User Israteneda
by
8.3k points

1 Answer

5 votes

Answer:

Definition of Mercantilism. Noun. An archaic economic system in which the power and monetary wealth of a country were built through strict governmental regulation of the economy, and an accumulation of bullion. Origin. 1870-1875 French mercantilisme.

Mercantilism was a form of economic nationalism that sought to increase the prosperity and power of a nation through restrictive trade practices. Its goal was to increase the supply of a state's gold and silver with exports rather than to deplete it through imports. It also sought to support domestic employment.

User Vicer
by
9.1k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.