Mercantilism is an economic policy that focuses on maximizing exports and accumulating wealth.
Mercantilism often involves implementing trade restrictions to protect domestic industries.
Mercantilism fueled colonial expansion as European powers sought to establish trade networks and extract resources.
Mercantilism advocates for protectionist measures such as tariffs and quotas to shield domestic industries from foreign competition.
The mercantile system was prevalent in Europe during the 16th to 18th centuries, emphasizing the importance of trade and wealth accumulation.