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What is macantilism?

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Anonymous

∙ 13y ago
Updated: 5/2/2024

Mercantilism is an economic theory that emphasizes the importance of accumulating wealth, usually in the form of precious metals, through trade with other countries. It advocates for government intervention to promote exports, restrict imports, and maintain a favorable balance of trade. This theory was prominent in Europe from the 16th to 18th centuries.

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∙ 1y ago
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