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Age of Exploration
Mercantillism
Feudalism
Question 5
the idea that the government should control trade to benefit the state; stresses exports (selling) over imports (buying)

1 answer

The concept you are describing is known as Mercantilism. This economic theory, which was prominent from the 16th to the 18th century, advocated for a strong government role in the economy, emphasizing the importance of accumulating wealth through a favorable balance of trade. Merchants, advisers, and governments believed that exporting more goods than importing would enrich the nation and support its power and influence.

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