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What was the Economic theory that supported colonialism?
Mercantilism
What is the economic theory that supported colonialism?
Mercantilism :)
What is colonialism and mercantilism?
It refers to a country that attack on other weak country
How did mercantilism benefit great Britain?
it didn't
The economic system where colonies are set up to make the mother country rich is called what?
mercantilism
The belief that colonies exist to benefit the economy of the mother country is known as?
Mercantilism. Held in the early days of settelment of the americas.
How can mercantilism be used in a signifance sentence about colonial life?
Britain had something to do with mercantilism, and they used the colonists to benefit themselves.
What is the belief that the colonies exist to benefit the economy known as?
mercantilism
Did the theory of mercantilism was based on the idea that colonies existed primarily for the economic benefit of the mother country?
(True) that is the theory of mercantilism.
What is the relationship between colonialism and mercantilism?
Colonialism and mercantilism are closely intertwined economic and political concepts. Mercantilism, dominant from the 16th to the 18th centuries, emphasized the accumulation of wealth through trade and the establishment of colonies, which were seen as sources of raw materials and markets for finished goods. Colonial powers sought to control these resources and trade routes to enhance their economic strength and maintain a favorable balance of trade. Thus, colonialism served as a practical application of mercantilist principles, facilitating the exploitation of resources and the expansion of national wealth.
The idea that colonies existed to benefit the mother country called?
Mercantilism.
Who had the theory which held that colonies exist for the benefit of the home country?
Mercantilism
