Documente Academic
Documente Profesional
Documente Cultură
Mercantilism
Prepared For
Mr. Md. Ruhul Amin
Assistant Professor
Department of Management
Bangladesh University of Business & Technology
Group Name- Pandemonium
Group Members:
Kaniz Fatima---ID-10111101121---Intake------23 rd
Fariha Ahmad--ID-10111101092---Intake------23 rd
Tarich Khalasi--ID-10112101111---Intake------24th
Program-BBA
Bangladesh University of Business & Technology
Fariha Ahmad
ID-10111101092
Mercantilism the first theory of international
trade, is an economic concept for the purpose
of building a wealthy and powerful state,
which believes that the wealth of a nation
could only be achieved through government
controls and regulation of trade, commerce
and economic activities. It involves wealth
accumulation, establishment of favorable
trade with other countries, and development
of internal resources in the manufacturing and
agriculture sectors. The economic policies
that pursued by the Mercantilists, such as
Governmental control of the use and
exchange of precious metals, which is often
referred to as Bullionism.
ADAM SMITH coined the term
“mercantile system” to describe the
system of political economy that sought
to enrich the country by restraining
imports and encouraging exports. This
system dominated Western European
economic thought and policies,
including Portugal, France, Spain, and
Great Britain from the sixteenth to the
late eighteenth centuries. Its use was
favored by writers such as Jean-
Baptiste Colbert, who at a time served
as the French Finance Minister.
The basic concepts of mercantilism in terms of trading are: