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Mercantilism essay mercantilism essay define the terms “mercantilism and the navigation laws,” then explain to what extent these apush chapter 1 notes. Mercantilism--under mercantilism, the government directed all economic activities within its borders, subordinating private profit to public good in particular. Mercantilism, or mercantile system, is a political economic system whereby countries restrict imports and encourage exports the rationale is to balance foreign trade. International trade theories and comparative advantage economics essay mercantilism involved discovered as a result of the leontief contradiction in terms.
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