English, economics, history: what is mercantilism?

Tutoring a number of subjects, the term mercantilism might arise. The tutor defines it.

mercantilism

economic policy that favours exports, discourages imports, and has the objective of amassing precious metals.

Source:

Barber, Katherine et al. Oxford Canadian Dictionary of Current English. Don Mills: Oxford University Press, 2005.

www.investopedia.com

Jack of Oracle Tutoring by Jack and Diane, Campbell River, BC.

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