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It has been a concept, and a major precept of Classical economists, ranging from the physiocrats to David Ricardo. He talked a lot on Mercantilism. Mercantilism was a prevalent economic strategy during the sixteenth century and up till the seventeenth century, because it supported the political structure and the economic circumstances of that time. Mercantilism is an economic strategy that makes the assumption that wealth is finite. To become wealthy, a country must colonize to search for new sources of species (precious metals), take other countries' wealth, and maintain a favourable balance of trade...
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