Question

What is Mercantilism and what is it based on?

Answer 1

Mercantilism is an economic practice by which governments used their economies to augment state power at the expense of other countries.

Step-by-step explanation:

Answer 2

Mercantilism was an economic system of trade that spanned from the 16th century to the 18th century. Mercantilism was based on the idea that a nation's wealth and power were best served by increasing exports and so involved increasing trade.

Step-by-step explanation: