Used politics to subsidize local businesses, develop colonies, promote tariffs to keep out foreign products, and develop a strong military presence to protect its home markets.

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Mercantilism is an economic policy that emphasizes the role of the state in managing the economy, often through protectionist measures like tariffs, subsidies for local businesses, and the development of colonies to benefit the home country. It also involves maintaining a strong military to protect economic interests.

Used Politics to Subsidize Local Businesses, Develop Colonies, Promote Tariffs