
What Is Mercantilism and How Does It Compare To Capitalism?
The colonies could only trade with the England, the mother country.You may have seen the word "mercantilism" floating around in the Trump-era news. But what is mercantilism, and why is it still relevant?The answer is trade wars, Brexit and the UK nation's fight with the EU (Germany's empire).1. What Is Mercantilism?Mercantilism is an economic philosophy built around exports and...