Advertisements
Advertisements
Question
With reference to Mercantilism answer the following question:
What is meant by the term Mercantilism?
Short/Brief Note
Advertisements
Solution
Mercantilism refers to a collection of economic maxims of strict practical utility aimed at maintaining a favorable balance of trade by discouraging imports and encouraging exports. These were meant to ensure the prosperity and security of the state.
shaalaa.com
Causes of Reformation
Is there an error in this question or solution?
