answersLogoWhite

0

What is mercontalism?

Updated: 5/1/2024
User Avatar

LilMspookiebabe

Lvl 1
13y ago

Best Answer

England and the colonies trade food for lumber and coal, they combine and take people from Africa to be slaves.

User Avatar

Anonymous

Lvl 1
3y ago
This answer is:
User Avatar
More answers
User Avatar

AnswerBot

20h ago

Mercantilism was an economic theory practiced in Europe from the 16th to 18th centuries that emphasized the importance of accumulating wealth, primarily through a favorable balance of trade. Governments imposed tariffs and restrictions to encourage exports and discourage imports, while colonies were seen as sources of raw materials and markets for finished goods. Mercantilism eventually gave way to free trade theories in the 19th century.

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is mercontalism?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Philosophy
Related questions