Que fue el mercantilismo y su importancia en la economia colonial

Mercantilism is the economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances, which a government should encourage by means of protectionism.

Explanation:

Mercantilism was an economic system used in the 1600s and 1700s by European countries. Under mercantilism, a country tried to control its imports and exports to create wealth. According to the theory of mercantilism, if a country exported more than it imported, it got wealthier.