According to the French finance minister,Colbert,one underlying principle of mercantilism is:

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Colbert, who was a key proponent of mercantilism, believed in the principle of self-sufficiency, which meant that a country should strive to produce and export as much as possible, while limiting imports. This idea was based on the belief that wealth and power could be increased by accumulating precious metals, such as gold and silver, which were seen as the ultimate measure of a country's economic strength. High tariffs were often used to protect domestic industries and encourage exports, but they were not the underlying principle of mercantilism. Fair trade rules, a common currency, and free enterprise were not characteristic of mercantilism either.

According to the French Finance Minister,Colbert,one Underlying Principle of Mercantilism