__________ is an economic theory designed to increase a nation's wealth through the development of commercial industry and a favorable balance of trade.

Question

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Mercantilism is an economic theory that emphasizes the importance of trade and commerce in generating wealth for a nation. It advocates for the promotion of domestic industry and exports while limiting imports to maintain a favorable balance of trade. This theory was particularly popular in Europe from the 16th to the 18th century.

__________ Is an Economic Theory Designed to Increase a Nation's