How did French Mercantilism work Please let me know ASAP?

Answer 1

Mercantilism is an economic policy that attempts to gain revenue for the country based on a balance of trade. Typical policies under mercantilism include high taxation and a favor of exporting goods over importing them. Mercantilism was important in France in the 16th century. During this time France's finance minister was Colbert, who led the mercantile movement in the country. The country worked hard to ensure more exports than imports, even to the point of bringing in artists and tradesmen from other countries to make goods in France. During this period, the French government controlled how most of the goods made in the country were produced. France rose to great power under this economic policy.