Tag Archives | Mercantilism

Mercantilism: Meaning, Causes and Characteristics of Mercantilism

The 'Commercial Revolution' which took place between 1450 and 1750 brought a revolutionary change in the economy of Europe. Many countries of Europe encouraged the intervention of state in commercial activities for the increase of national wealth and power. This gave birth to 'Mercantilism' which played a vital role for the economic prosperity of a country. This Mercantilism created a [...]

By Baivab Ghosh|2015-08-08T12:58:53+05:30July 8, 2014|World History|Comments Off

What are the Merits and Demerits of Mercantilism?

Merits of Mercantilism: Mercantilism had many merits. At first, the chief goal of Mercantilism was the prosperity of a country. The thought to make a country prosperous by commerce was simply marvellous. Secondly, it brought industrial growth. There was need of surplus for export. The growth of industry led to more production which could meet the demand of the people [...]

By Baivab Ghosh|2020-05-29T14:43:07+05:30July 8, 2014|Articles|Comments Off