Definition
A broad, command type, economic doctrine, practised from the 16th to the 18th centuries, which predicated state power in international affairs as the predominate goal. Policies utilised would be: export subsidies; maintaining a positive balance of payments; developing colonies; forbidding trade to be carried in foreign ships; restricting colonies’ trade to only the mother country; maintaining a large as possible precious metal reserve; limiting domestic consumption such as with sumptuary laws.