How did mercantilism encourage European exploration? Choose the best answer
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How did mercantilism encourage European exploration? Choose the best answer.
Mercantilism can be termed as an economic system of trade that was gaining importance during 16th century to 18th century. This was based in a principle that the world’s wealth was static and there were many European nations who attempted to accumulate the largest possible share of that wealth by maximising their exports and by limiting their imports.
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