_________________ is the strategy for increasing a country's power and wealth by acquiring colonies and managing all aspects of their production and trade for the colonizer's benefit.

Question

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Mercantilism is the economic policy aimed at accumulating monetary reserves through a positive balance of trade, especially of finished goods. Historically, such policies frequently led to colonial expansion and a focus on the extraction and exportation of commodities from colonies to benefit the mother country's economy.

_________________ Is the Strategy for Increasing a Country's Power and Wealth