What Is Mercantilism? What Is Mercantilism? Mercantilism is an economic theory that advocates government regulation of international trade to generate wealth and strengthen national power.
What did mercantilism do?
Mercantilism was a form of economic nationalism that sought to increase the prosperity and power of a nation through restrictive trade practices. Its goal was to increase the supply of a state's gold and silver with exports rather than to deplete it through imports. It also sought to support domestic employment.
What is mercantilism economic policy?
Mercantilism is a nationalist economic policy that is designed to maximize the exports and minimize the imports for an economy. In other words, it seeks to maximize the accumulation of resources within the country and use those resources for one-sided trade.
