Question

1. 11/4/25: what is mercantilism? type a response

Explanation:

Mercantilism is an economic theory and practice that was dominant in Europe from the 16th to the 18th century. It emphasizes the role of the state in managing the economy to accumulate wealth, typically through policies such as promoting exports, restricting imports, and accumulating precious metals like gold and silver. It also involves the establishment of colonies to provide raw materials and markets for the mother country's goods.

Answer:

Mercantilism is an economic theory and practice dominant in 16th - 18th century Europe. It focuses on state - managed economy for wealth accumulation (exports promotion, imports restriction, precious metals accumulation). Colonies are used for raw materials and markets.