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14 July, 06:08

What is the theory of mercantilism? What did the governments in europe do to encourage exports and favorable trade balances?

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  1. 14 July, 09:36
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    Explanation:Mercantilism is the idea that the wealth of a nation bets on the amount of gold or silver it has. Governments improved trade by improving transportation and placing high tariffs on foreign goods.
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