What were mercantilist Policies?

Mercantilist policies were economic strategies prevalent from the 16th to the 18th century that emphasized the accumulation of wealth, primarily gold and silver, through a favorable balance of trade. Nations aimed to export more than they imported, often through protectionist measures like tariffs and subsidies for domestic industries. Mercantilism also encouraged colonial expansion, as colonies provided raw materials and markets for finished goods. Overall, these policies sought to enhance national power and self-sufficiency.