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What is menchantalism?

Updated: 5/2/2024

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∙ 12y ago

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Mercantilism is an economic theory that believes a country's wealth is determined by its accumulation of precious metals through trade surpluses. It promotes government intervention in the economy to boost exports, limit imports, and acquire more gold and silver. This theory was popular during the 16th to 18th centuries in Europe.

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