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, […]

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