In mercantilism, a trade surplus meant that a country was taking in more gold on the sale of its exports than it was paying out for its imports.

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This is a basic principle of mercantilism, where countries aimed to accumulate gold and silver by exporting more than they imported. A trade surplus means that a country is earning more from exports than it is spending on imports, resulting in a net inflow of gold and silver.

In Mercantilism, a Trade Surplus Meant That a Country Was