Answer:1500s-1700s
*Prevailing economic philosophy of the 1600s that held colonies existed to serve the mother country
*Founded on the belief that the world's wealth was sharply limited and, therefore, one nation's gain was another nation's loss
*Each nation's goal was to export more than it imported in a favorable balance of trade; the difference would be made up in their possession of gold and silver, which would make the nation strong both economically and militarily
*Mercantilists believed economic activity should be regulated by the government
Step-by-step explanation: