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Mercantilism

September 10, 2016 by: Content Team

Mercantilism, which existed primarily during the 16th through 18th centuries in Europe, was an economic system founded on the belief that the government should encourage trade as a means to generate wealth for the country. Wealth was amassed by exporting more goods to other countries than the nation imported. A high import was placed on building up sums of gold, […]

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