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Mercantilism
01
commercial activity involving the buying and selling of goods and services with the aim of profit
Grammatical Information
Animacy status
Abstract
Composition
Compound
Uncountable
Examples
Early mercantilism in towns focused on local trade rather than international markets.
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.
