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12-02-2020
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Traders in the seventeenth and eighteenth century were encouraged to focus on selling their nation's goods in the global market to create a favorable balance of trade. Nations attempted to sell more goods to other nations than they bought from other nations. This approach to global trading is called _____.

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maranathaoye maranathaoye

12-02-2020

Answer: Mercantilism

Explanation:

Mercantilism is a system where by a country tries to accumulate wealth by trading with other countries, this is practiced when such country export more goods than they import into their country. This term is also known as commercialism. The aim of policies that supports Mercantilism is so that such country can reduce a situation of current account deficit or attain the level of current account surplus, it was a policy that dominated the 1500s to 1800s

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