Which of the following best describes mercantilism

Answer 1

Mercantilism is an economic system that was commonly practiced in Europe during the 16th to 18th centuries. It is based on the idea that a country's wealth and power are determined by its accumulation of precious metals, such as gold and silver, through trade and colonization. Mercantilist policies often included government regulations and subsidies to promote exports and restrict imports in order to maintain a favorable balance of trade. The goal of mercantilism was to increase a nation's wealth and strengthen its economy by maximizing exports and minimizing imports.