What are the 5 rules of mercantilism?

Answer 1

The five rules of mercantilism include: 1) a nation should accumulate wealth, primarily gold and silver, to enhance its power; 2) a favorable balance of trade is essential, meaning exports should exceed imports; 3) government intervention is necessary to regulate the economy and promote national interests; 4) colonies should be used to provide raw materials and serve as exclusive markets for the mother country; and 5) manufacturing should be encouraged to reduce dependence on foreign goods. These principles aim to strengthen the nation’s economic status and global influence.