How does a country become rich under mercantilism?

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2026-03-07 12:05

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Under mercantilism, a country becomes rich by maximizing its exports while minimizing imports, thereby accumulating wealth through a favorable balance of trade. Governments actively support domestic industries and impose tariffs on foreign goods to protect local businesses. Additionally, they seek to acquire colonies to access raw materials and expand markets for their manufactured goods. This strategic focus on self-sufficiency and resource control helps build national wealth.

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