What was the reason Britain and other European nations practiced the mercantilism theory?

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04-01-2022
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What was the reason Britain and other European nations practiced the mercantilism theory?

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lilj6417 lilj6417 · Answer 1 · 2022-01-07T16:54:19-05:00

lilj6417 lilj6417

07-01-2022

Explanation:

mercantilism, economic theory and practice common in Europe from the 16th to the 18th century that promoted governmental regulation of a nation's economy for the purpose of augmenting state power at the expense of rival national powers. It was the economic counterpart of political absolutism.

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What was the reason Britain and other European nations practiced the mercantilism theory?