Answer to Question #293146 in History for Brianna2003

Question

What is mercantilism ?

Answer 1

The trade policy is based on the economic notion that commerce produces wealth and is fostered by the building of lucrative balances, which a government should support via protectionist policies. Mercantilism is an economic strategy that aims to increase an economy's exports while reducing its imports. It is a kind of protectionist policy. In order to attain this aim, it encourages imperialism, colonialism, tariffs, and subsidies on traded commodities.