Mercantilism:An economic theory prevalent in the 16th to 18th centuries that emphasized the importance of accumulating wealth through trade and maintaining a favorable balance of exports over imports.
Colonialism:The practice of establishing control over foreign territories, often through settlement and exploitation of resources, resulting in the domination of indigenous populations.
Naval Power: The capacity of a state to project its influence and protect its interests at sea through a strong navy, which plays a crucial role in the establishment and maintenance of sea-based empires.