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What best defines mercantilism?
Mercantilism is the theory and system of political economy prevailing in Europe after the decline of feudalism, based on national policies of accumulating bullion, establishing colonies and a merchant marine, and developing industry and mining to attain a favorable balance of trade.
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Asked 3/15/2012 1:57:02 PM
Updated 7/22/2014 12:17:06 PM
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Mercantilism is the theory and system of political economy prevailing in Europe after the decline of feudalism, based on national policies of accumulating bullion, establishing colonies and a merchant marine, and developing industry and mining to attain a favorable balance of trade.
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Added 7/22/2014 12:17:06 PM
This answer has been confirmed as correct and helpful.
Confirmed by sujaysen [7/22/2014 1:17:10 PM]
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