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Mercantilism is a system of economic and political doctrines about how to organize and carry out international commerce. Mercantilism generally advoc READ

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Each country would try to increase its power by gaining colonies, economic influence, and more consumers for its goods. Britain by virtue of its naval suprem

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They insisted on discouraging the im¬ports through imposition of heavy duties and prohibitions on foreign goods. On the other hand, the exports should be encouraged

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Mercantilism Mercantilism was an economic system of the major trading nations, based on the idea that national wealth and power would enhance by increasing exports

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Mercantilism is an economic theory of strict government control of trade that dominated the thought of the major trading nations from approximately 1500 CE READ

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