Mercantilism was an economic policy where countries sought to maintain a favorable balance of trade by exporting more goods than they imported. The goal was to have a favorable balance of trade for the "mother country" which was the original powerful nation that established colonies. Mother countries aimed to import natural resources from colonies and export finished goods to them.

1. Mercantilism

2. Mercantilism Economic policy in which a country tries to maintain a favorable balance of trade Favorable Balance of Trade Value of exports is greater than the value of imports Mother Country Original powerful country that founded/established a colony Goal of a Mother Country Import natural resources and export finished products