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31 January, 02:05

This is an economic theory where a country wants to increase its wealth by increasing its exports while reducing its imports.

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  1. 31 January, 05:26
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    Mercantilism; The three main ideas of mercantilism were:

    1. Colonies existed to benefit the home country

    2. Wealth lied in precious metals like silver and gold

    3. A country should have many more exports than imports
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