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Mercantilism
01
commercial activity involving the buying and selling of goods and services with the aim of profit
Examples
Early mercantilism in towns focused on local trade rather than international markets.
She studied mercantilism to understand how merchants influenced city economies.
02
the idea that a country becomes richer and stronger by selling more goods to other countries than it buys, and by controlling trade through government rules
Examples
Mercantilism encouraged colonial expansion for resources.
Under mercantilism, nations imposed heavy trade restrictions.
