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Question
what is the best definition for mercantilism?
○ an economic policy in which investors buy shares in a company in order to share the risks and profits
○ an economic policy in which countries collect gold or silver and control trade
○ an economic system in which individuals own businesses
○ an economic system in which money is put into something, such as a business, in order to make a profit
Mercantilism is an historical economic policy focused on accumulating national wealth, primarily through holding precious metals (gold/silver) and regulating trade to achieve a favorable balance of exports over imports. The other options describe different economic concepts: the first refers to shareholding, the third is capitalism, and the fourth is investment.
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an economic policy in which countries collect gold or silver and control trade