Mercantilism is an economic theory that originated in the 16th century. It emphasizes the accumulation of wealth, especially gold and silver, through trade. Mercantilism teaches that a country's prosperity depends on its ability to export more than it imports, resulting in a positive trade balance. This approach to economics was prevalent during the colonial era and played a significant role in shaping global trade patterns. Learn more about Mercantilism and how it affects modern economies.
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