Why was mercantilism practiced by absolute monarchs?

Mercantilism was practiced by absolute monarchs as it reinforced their control over economic resources and strengthened the state’s power. By promoting state intervention in the economy, including regulation of trade and the accumulation of wealth through a favorable balance of trade, monarchs could enhance national strength and fund military expansion. This economic system also allowed them to consolidate power by fostering national industries and limiting foreign competition, thereby ensuring greater financial independence and stability for their regimes.