What was one way that European counties increased their wealth and power?

One significant way European countries increased their wealth and power was through colonization and the establishment of overseas empires. By conquering and settling in new territories, they accessed valuable resources, such as gold, silver, and spices, and established lucrative trade routes. This expansion not only enriched the colonizing nations but also allowed them to exert political and military influence globally. Additionally, the exploitation of enslaved labor in colonies contributed to their economic growth.