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An Economic systems in which colonies supply goods to the mother country is called what?
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∙ 8y ago
Mercantile system. The concept is that by keeping the resources of colonies for itself, the home country can become wealthier and more powerful.
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An economic system in which colonies supply goods to the mother country is called .?
The economic system is called mercantilism.
The economic system where colonies supply goods to the mother country is called .?
The economic system is called mercantilism.
The economic system where the colonies are set up to make the mother country rich is called?
colonism
The economic system where colonies are set up to make the mother country rich is called what?
mercantilism
The economic theory that colonies exist solely to enrich the mother country is called?
http://wiki.answers.com/Q/The_economic_theory_that_colonies_exist_solely_to_enrich_the_mother_country_is_called"
What was the economic relationship of the colonies to Europe during the period?
The economic relationship was called Mercantilism. In this system raw goods are sold by the colonies to the "mother" country. The "mother" country would then process and manufacture these goods into a product and sell them back to the colonies at a higher rate. This way, the mainland would make a surplus while the colonies would lose money.
Why is capitalism called an efficient economic system?
Cause of its comparison to the other economic systems.
American colonies founded for economic reasons were called?
Propriety
What was englands economic policy towards the colonies where the colonies provided raw materials to England who manufactured goods to be sold back to the colonies?
The English economic policy toward the colonies was called mercantilism. Mercantilism basically states that the colonies exist for the good of the mother country and have no rights except what the mother country grants. This policy was not workable because of the great distance between England and the New World. The great distance forced the colonists to create their own government, and create their own rights, legal system, etc.
Is political science the study of economic systems and how they are formed?
No, that is called economics.
Other lands which a country controls are called its?
Colonies!
In the southern colonies what was the region of small farms called?
Back Country
