Management Notes

Reference Notes for Management

Mercantilism

Mercantilism

Mercantilism

 Options:

a. Is the philosophy of free international trade.
b. Was a system of export promotion and barriers to imports practiced by governments.
c. Was praised by Adam Smith in The Wealth of Nations.
d. Both (a) and (c).

The Correct Answer Is:

b. Was a system of export promotion and barriers to imports practiced by governments.

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