Mercantilism, Definition & Examples

mercantilism, economic theory and practice common in Europe from the 16th to the 18th century that promoted governmental regulation of a nation’s economy for the purpose of augmenting state power at the expense of rival national powers. It was the economic counterpart of political absolutism. Its

Types of Economic Theory: From Mercantilism to Institutionalism (Volume I by Mitchell, Welsey C, (Wesley Clair) Dorfman, Joseph (editor) - 1967

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