An Introduction to Mercantilism a 16th Century Economic Philosophy (2362 words, 5 pages)
MercantilismMercantilism was a sixteenth-century economic philosophy that maintained that a country's wealth was measured by its holdings of gold and silver (Mahoney, Trigg, Griffin, Pustay, 1998). This recquired the countries to maximise the difference between its exports and imports by promoting exports and discouraging imports. The logic was transparent to ...
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