What Was Mercantilism,and What Was Its Effect on European Economies

question 58

Essay

What was mercantilism,and what was its effect on European economies during the seventeenth and eighteenth centuries?

---

Definitions:

Employee Turnover

Refers to the rate at which employees leave a company and are replaced by new employees.

Absenteeism

The habitual non-presence of an employee at their job, which can be a sign of dissatisfaction, personal issues, or health problems.

Multicultural Organization

The multicultural organization is one that has achieved high levels of diversity, can capitalize fully on the advantages of the diversity, and has few diversity-related problems.

Ethnocentrism

The act of judging another culture solely by the values and standards of one's own culture, often accompanied by a belief in the superiority of one's own culture.