11. What is mercantilism?
countries sponsored explorers to find faster trading routes
O nations set up border barriers and population limitations
O nations build up their supply of gold and silver to acquire more wealth and power
when the wealth of the nobles increases as the poor population greatly increases
A belief in the benefits of profitable trading; commercialism. Or the economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism.
