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commercial activity involving the buying and selling of goods and services with the aim of profit
- Early mercantilism in towns focused on local trade rather than international markets.
- She studied mercantilism to understand how merchants influenced city economies.
- Small businesses often rely on principles of mercantilism to maximize sales.
- The book explained how mercantilism shaped market practices in medieval Europe.
- Students learned that mercantilism emphasizes profit from commercial exchanges.
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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
- Mercantilism encouraged colonial expansion for resources.
- Under mercantilism, nations imposed heavy trade restrictions.
- Mercantilism viewed trade as a zero-sum game.
- Critics argue that mercantilism stifled competition.
- Mercantilism supported state control of the economy.
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