European countries mostly, in France Jean-Baptist Colbert was the main advocate of mercantilism
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Europe, America, and Asia.
to do their own class work
Mercantilism
Mercantilism is an economy theory practice that is based on the belief that capital and world trade was a fixed system. This was the belief that there were limited quantities of products available for use around the world. This is not a practice that is commonly used today.
The mercantilism system was an economic system prevalent in the 17th and 18th centuries. It relied on the European countries deriving wealth from their colonies.
mercantilism
Mercantilism
Mercantilism was an economy theory that posited that the wealthiest nation, particularly in terms of precious metals, would be the most powerful. The demand of the precious metals by the developed countries was one of the causes of mercantilism.
This is the practice of Mercantilism. It was most popular among the Western European countries from the 16th 17th and 18th centuries. It's effects are still apparent in third world countries, particularly Sub Saharan Africa.
Mercantilism began with the English colonies. Mercantilism is a system where a country or empire exports more than it imports. England was able to employ this system by building a vast empire and exporting the goods from those countries to others.