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OpenStudy (anonymous):
Which definition best explains the British policy known as “mercantilism?”
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OpenStudy (anonymous):
The theory and system of political economy prevailing in Europe after the decline of feudalism, based on national policies of accumulating bullion, establishing colonies and a merchant marine, and developing industry and mining to attain a favorable balance of trade. Read more: http://www.answers.com/topic/mercantilism#ixzz2nBCEn7EU
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