Law mercantilism is a complex,adaptive system of overlapping economic agents that operates on the basis of competition and a regulated market that responds to the movement of supply and demand.

Question

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Mercantilism is an economic policy that emphasizes national economic self-sufficiency and export-led growth, relying on a favorable balance of trade, rather than a system of competition and market regulation responding to supply and demand.

Law Mercantilism Is a Complex,adaptive System of Overlapping Economic Agents