What are the 3 principles of mercantilism?

The three principles of mercantilism are as follows:

1. Amount of wealth in the world is relatively static
2. A country’s wealth is best ascertained by the amount of precious metals it possesses
3. The need to encourage export instead of imports as a means for obtaining a favourable balance of trade in order to yield precious metals.

For further reading check the following articles:

• Portuguese India
• British Raj
• Dutch Colonialism in India