Torbali City Of Turkey for mercantilism: a set of policies designed to keep a nation prosperous by means of the government influencing the behavior of the private sector. For example, between the 16th and 18th centuries, major trading nations assumed that their national wealth and power were best obtained by promoting exports in exchange for precious metals (e.g., gold). merger: when two firms join together to become a single firm. The merger is characterized as being horizontal if the two joining firms exist within the same level of production, and vertical if the two joining firms exist in different levels of production. microeconomics: the study of how specific parts of the whole economy (e. Torbali City Of Turkey 2016.