Mercantilism:
My definition: mercantilism is an economic theory stating that how rich a nation is dependent on its capital supply, and that its global volume does not change. The economic assets are represented by gold, silver, and trade value the state owns. This is increased when there is a balanced trade, export - import. Mercantilism states that the government should enforce these rules and tolerate more export then import. It was prevailed in Europe after the feudal age. It was one of the most popular economic theories in the 17th century.
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