What Is the Goal of Mercantilism? How Is Mercantilism Implemented

question 78

Essay

What is the goal of mercantilism? How is mercantilism implemented? What are the disadvantages of mercantilism?

---

Definitions:

Labor Force

The total number of people eligible to work, including both the employed and the unemployed within an economy.

Great Recession

A significant decline in economic activity across the globe that occurred from late 2007 through 2009, often considered the worst economic downturn since the Great Depression.

Master's Degrees

Advanced academic degrees granted after the completion of study demonstrating mastery or high-order overview of a specific field of study or area of professional practice.

Age Diversity

The inclusion of individuals of different ages within a workforce, considered beneficial for promoting varied perspectives and experiences.