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9 August, 22:14

What were teh advantages and disvantages of Mercantilism

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  1. 9 August, 22:22
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    The benefits of mercantilism include increased employment, the development of new technologies and products, and positive cultural exchanges as mercantilism nations seek new markets and raw material sources, whereas the disadvantages of the system include increased conflict between nations, growth in trade protectionism and the development of trade monopolies. The Library of Economics and Liberty defines mercantilism as a form of nationalism aimed at building a wealthy and powerful state.
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