Commonly the word `mercantilism` can be used in two meanings. There is a factual meaning of it as a term from the History of Economy and there is a metaphoric meaning as a trait of person`s character. Learn more about both of meanings to write a good essay on characteristics of mercantilism.
Characteristics of Mercantilism: Two Possible Aspects
To understand the meaning of `mercantilism` you should know its historical (primary) meaning. It influenced a lot the commonly known modern meaning of mercantilism as a feature.
1. Historical Meaning
Mercantilism is an economic term, which was introduced in 16th century in Europe and was actual till 18th century. Mercantilism as theory and practice defined the policy of absolutist states of the period mentioned. One of the main ideas of mercantilism was the concern that the wealth of each certain country is defined by gold and silver it has. As far as other countries are concerned, where there is no silver or gold, the wealth level depended on the trade surplus. The economics was aimed on getting more gold and silver, so the governors did everything possible to achieve this aim.
2. The Derived Modern Meaning
As you already know the historical background, you understand better, what it means to call the person a mercantile one. In general, a person`s mercantilism is willing to get as more material wealth as it is possible. Also, it is defined by putting material values higher, than any other values in life. Commonly it is considered to be a bad feature of character, but it is much influenced by socio-economic conditions of the modern world.
How to Write about Characteristics of Mercantilism Effectively?
Here are some tips for you on better essay on mercantilism.
1) Examples Make It Clearer
No matter of which meaning of mercantilism you are writing about, you should better include examples to your paper. If you are talking about it from the economic point of view, name the countries, who were providing such a policy, and their methods. If you are writing from the sociological point, tell the exact features of modern world, which influenced the development of mercantilism in modern society. Finally, if you are writing about a person, you should include the particular actions, which made you think, that he/she is mercantile.
2) Mind Your Structure
As any essay, a paper on characteristics of mercantilism is to have introduction, the body part (a few paragraphs, but not less than 3) and the conclusion. In introduction you can mention about the brief history of the term (if you are writing a sociology paper) or about sociological meaning (if you are writing a paper on history). This will show that you are fully aware of the term you are dealing with. Do not forget to write a thesis statement and then paraphrase it in conclusion. Also, your body part needs to have as many paragraphs, as ideas/suggestions/features.
3) Ask for Assistance
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