Tuesday, December 1

Mercantilism & Economic Liberalism - An Insight

Mercantilism is an economic theory, which acted as a basis for the economies in most European countries during the early modern period (16. – 18. Century). The mercantile system subsequently superseded medieval feudal organization in Western Europe. According to Bullionism, the preceding economic theory, it assumes that the national prosperity and power is predominantly determined by its supply of economic assets, for example precious metal like gold or silver but mercantilists added that the wealth of a nation is also influenced by the production rate of manufactured goods and the supply of raw material.

Here is the LINK to the Google Document for the Portfolio

Here a LINK to the Google Document for the Handout

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