Question

Why was the Mercantilism important?

Answer 1

Mercantilism is an economic theory that advocates government regulation of international trade to generate wealth and strengthen national power. ... 1 It advocates trade policies that protect domestic industries. In mercantilism, the government strengthens the private owners of the factors of production.

Answer 2

Mercantilism was the dominant theory in Europe between 1500 and 1800. 4 Countries all wanted to export more than they imported. In return, they received gold. It powered the evolution of nation-states out of the ashes of feudalism.

Step-by-step explanation:

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