Mercantilism Explained | Ecoholics

Let's clear your basics of Mercantilism. Mercantilism is an economic practice by which governments used their economies to augment state power at the expense of other countries. Governments sought to ensure that exports exceeded imports and to accumulate wealth in the form of bullion (mostly gold and silver). To learn more about Mercantilism you can download our app or log on to our website and access our study material, video lectures and much more to study economics the smart way with Ecoholics.

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[vishakhajadhav]

I have exam tomorrow and this video is a true blessing! Thank you

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Mercantilism thought (merchants, Bankers, govt officials)

- develop in 16th to 18th century
- based on zero sum game rule
- increase exports decrease imports known as trade surplus
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- Accumulation of wealths such as gold and silver or bullion
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[jerrysamuels]

Feudalism and Mercantilism definition: Exactly what America is today. Nothing has changed. The "new" country is just like the old. Happy New Year.

[gurjantsingh-vide]

Great knowledge in a precise brief summary

[hariom.shivhare]

Perfect explaination in so short time.