Mercantilism was the principle that wealth of a nation comes from trading with other nations and also comes by imposing government regulations on all of the nation's economic interests.
The main principles of mercantilism:
• the country's wealth is determined by the amount of precious metals in the country,
• Wealth is created in business relations (International Trade)
• The goal is an active trade balance of trade,
• to serve protectionism, government subsidies and the issue of protective tariffs.
