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Essay

History of Mercantilism

Essay specific features

 

Issue:

American History

 

Written by:

Ronnie A

 

Date added:

July 22, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 295

 

Was viewed:

5296 times

 

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Essay content:

Innovative new business techniques and forms of business organisation were introduced, which included trading companies, bills of exchange, contracts, long-distance trade, big businesses, partnerships (mufawada in Arabic) such as limited partnerships (mudaraba), and the concepts of credit, profit, capital (al-mal) and capital accumulation (nama al-mal)...
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Many of these early mercantile concepts were adopted and further advanced in medieval Europe from the 13th century onwards.[2] Many European economists between 1500 and 1750 are today generally considered mercantilists; however, these economists did not see themselves as contributing to a single economic ideology...
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