👉 In economics, a mercantilist is someone who believes in promoting trade and economic growth by protecting the national economy of its country. They believe that countries should focus on their own domestic needs rather than relying solely on imports from other countries. The term comes from the French phrase "mercantile," which means "of commerce or business." The idea behind mercantilism is to promote a country's economic growth by controlling and promoting trade, leading to increased exports and reduced dependency on foreign markets
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What is the definition of Mercantilistic? 🙋
👉 Mercantilism is a theory or perspective in which states, as well as individuals and groups, place their economic interests above those of their citizens. This idea emphasizes the role of trade and commerce in shaping international relations, particularly in terms of power balance and the allocation of resources. In mercantilist thought, nations are seen as the primary actors responsible for maintaining a global competitive advantage through trade. They believe that by promoting and controlling trade, they can exert significant influence over other countries' economies
What is the definition of Mercantilist? 🙋
👉 A mercantilist is a type of economic theory that emphasizes the importance of trade and commerce in promoting economic growth. The idea is that by promoting international trade, a country can increase its exports, which can then be exported to other countries, increasing its overall wealth. This approach has been influential in many economies throughout history, including those of China, Japan, and the United States.
