Mercantilism

Mercantilism is an economic theory that sees money as a key source of power. Key concepts include:

• Imports are goods brought into a country, while exports are goods sold to other countries.

• The goal is to export more than import, creating a trade surplus that builds wealth.

• Countries often expand through colonial means to access resources and create markets.

• Economic strength is often measured by the accumulation of precious metals like gold and silver.