External link to Economic Ideas of Mercantilism in Comparison

Economic Ideas of Mercantilism in Comparison

Mercantilism was an early capitalistic economic concept, which was based on the following principle: the only sources of a country’s wealth are the money funds and precious metals it possesses, so the more money a nation has the richer it is supposed to be. According to this theory, the government has to follow the policy of protectionism and keeping the money inside of the country, […]

External link to Theory of Mercantilism

Theory of Mercantilism

Theory of Mercantilism Most of the European economists who wrote between 1500 and 1750 are today generally considered mercantilists; this term was initially used solely by critics, such as Mirabeau and Smith, but was quickly adopted by historians. Originally the standard English term was “mercantile system”. The word “mercantilism” was introduced into English from German in the early 19th century. The bulk of what is […]

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