Mercantile was an ____ policy.

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Detailed Solution

Mercantilism was an economic policy.
Mercantilism was an economic policy introduced by Adam Smith for the first time as a mercantile system. France first started it. Mercantilism was a political-economic development policy in which, to strengthen a country's economy, export was maximised, and vice versa, imports were minimised. In this policy, trade in a country was made through exporting goods and making money through it, by which there was a rapid growth of the country's economy.

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