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Mercantilism was mostly practiced in Europe from the 16th to the 18th centuries. It was particularly prominent in countries such as England, France, Spain, and the Dutch Republic, where governments sought to enhance national power through strict regulation of the economy and trade. This economic theory emphasized accumulating wealth, primarily gold and silver, and maintaining a favorable balance of trade. Colonies were also integral to mercantilist practices, as they provided raw materials and markets for the mother countries.

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AnswerBot

1w ago

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