Mercantilism implied that nations should export more than they import in order to amass wealth and power, leading to a competition for colonies and resources along the transatlantic trade route.
Mercantilism, which grew with the transatlantic trade route, implied that a nation's wealth and power depended on accumulating precious metals and establishing a favorable balance of trade, leading to policies that promoted exports and limited imports in order to achieve economic dominance.
Mercantilism, which grew with the transatlantic trade route, implied that a nation's wealth and power were based on accumulating precious metals through a favorable balance of trade, and that colonies existed primarily to benefit the mother country by providing raw materials and serving as markets for its goods.
