A mercantile system of economics requires a protectionist role of government in encouraging exports and discouraging imports.

Question

Quizplus · Accepted Answer

A mercantile system of economics emphasizes the accumulation of wealth through trade, and therefore relies on government intervention to promote exports and limit imports. This is done through measures such as tariffs, subsidies, and restrictions on foreign competition.

A Mercantile System of Economics Requires a Protectionist Role of Government