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Protectionism
Mercantilism restricts trade to only trading with the mother country.
balance of trade
mercantilism actually help global trade
protectionism........
government's standpoint on trade and protectionism is that he allows free trade
government's standpoint on trade and protectionism is that he allows free trade
government's standpoint on trade and protectionism is that he allows free trade
Mercantilism works by generating wealth through profitable trading. Trade is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism.
Protectionism
Mercantilism restricts trade to only trading with the mother country.
An economic theory/philosophy in which the economic success of a sovereign nation depends upon the increase of its capital (total goods owned). Key Points of Mercantilism * More exports than imports * Protectionism * High tariffs (trade taxes)
balance of trade
Mercantilism acted as a deterrent to free trade by enacting barriers in the same ways as protectionism. Restricting trade by tariffs hurt the country enacting the tariff as much as the countries that were forced to pay the tariff. In the end retaliatory tariffs caused the system to fail.
mercantilism actually help global trade
protectionism........
Trade protectionism