Mercantilism is an economic system and a form of nationalist economic policy designed to maximize a country's exports and minimize its imports, seeking to maximize the accumulation of resources within the country and to use those resources for one-sided trade. Mercantilist policy has historically contributed to armed conflict and motivated colonial expansion, and economic intervention, especially in industrializing countries, is sometimes described as a modern form of mercantilism.
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Mercantilist economic policy relied on chartered companies as its principal instrument for conducting state-sponsored overseas trade and colonization.
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Source New World Encyclopedia: MercantilismArticle textQuote, Article text
It superseded the medieval feudal organization in Western Europe, especially in the Netherlands, France, and England.
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1. Mercantilism (Wikipedia)
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Mercantilism is an economic system and type of nationalist economic policy that is designed to maximize the exports and minimize the imports of an economy.
Lead, institution-type-category economic-institution
Mercantilism is an economic system and type of nationalist economic policy that is designed to maximize exports and minimize imports of an economy.
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