noun🔗ShareМеркантилизмThe theory that a nation must always have a positive balance of trade, in the manner that a merchant would operate a shop. Typically this model presupposes protectionism."The country's mercantilism led it to impose high taxes on imported goods, aiming to sell more to other countries than it bought from them. "Меркантилизм страны привел к введению высоких налогов на импортные товары, стремясь продавать другим странам больше, чем покупать у них.theorynationgovernmenteconomybusinesscommercefinancestatepoliticshistorydoctrineChat with AIVocabulary GamePractice Reading
noun🔗ShareМеркантилизмThe theory that holds that the prosperity of a nation depends upon its supply of capital, and that the global volume of trade is unchangeable."The country's mercantilism led it to heavily tax imports, hoping to amass gold and silver and believe that one country's economic gain required another's loss. "Меркантилизм страны привел к тому, что она ввела высокие налоги на импорт, надеясь накопить золото и серебро, и полагая, что экономическая выгода одной страны требует потерь другой.theorynationgovernmenteconomybusinessstatehistorycommercefinancepoliticsChat with AIVocabulary GamePractice Reading