In terms of economics, Mercantilism is a national economic policy which is formed to minimize the imports and maximize the exports of a country. The main aim of these policies is to diminish a potential current account deficiency or arrive a current account excess. Mercantilism incorporates a national economic policy intended at expanding monetary resources through a confident balance of trade, particularly of finished products. Accordingly, the Navigation Acts strengthened the British economic policy of Mercantilism.
