The economic philosophy of mercantilism was based on the zero-sum situation which only applies

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pangel6388 pangel6388

16-11-2017
Social Studies

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The economic philosophy of mercantilism was based on the zero-sum situation which only applies

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gmcorchado gmcorchado · Answer 1 · 2017-11-16T19:18:34+01:00

gmcorchado gmcorchado

16-11-2017

Mercantilism is defined as being the economic policy or theory in which a country sets up a colony or several colonies, like Spain did in Latin America or Britain in North America, for the sole reason of the economic gain of the mother country.

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