What are the principals of 18th century mercantilism?

Eighteenth-century mercantilism was characterized by several key principles, including the belief that a nation's wealth and power were best served by increasing exports and minimizing imports. Governments actively intervened in the economy to regulate trade, establish colonies, and accumulate precious metals like gold and silver. Protectionist policies, such as tariffs and subsidies for domestic industries, were commonly employed to foster national economic growth. Ultimately, mercantilism emphasized the importance of a favorable balance of trade as essential for national strength.