Mercantilism states that measures of a nation's well being, such as living standards or human development, are irrelevant and that nations should only concern themselves with accumulating financial wealth.

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Mercantilism is an economic theory that emphasizes the importance of accumulating financial wealth, particularly gold and silver, as a measure of national power, often disregarding other measures of well-being.

Mercantilism States That Measures of a Nation's Well Being, Such