What is the definition of mercantilism?

Explanation:

Mercantilism is an economic system of trade with a theory that trade generates wealth that is a  belief in the benefits of profitable trading.it lasted from the 16th century to the 18th century where Mercantilism banked believing that the world's wealth was static, and consequently. Most European nations tried to accumulate the largest possible share of that wealth by maximizing their exports and by limiting their imports via tariffs.

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for many centuries there were important factors which the economies of the muslim empires developed increasingly. they applied economic procedures in production, investment, finance, taxation and property. they used to tax certain goods (for example: harvest), they charged interest on money lent, they signed contracts with merchants; they relied on a common currency, and they used checks as well as promissory notes. with the money collected by means of taxation, the government provided the needy with an income. in addition, trading networks covered huge distances, so far regions started to have contact and exchange goods. this trade network covered areas of asia, africa and europe.