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How were colonies important to a country with the economic policy of mercantilism?
Wiki User
∙ 13y ago
The object of mercantilism was to minimize imports that cost the nation money, and maximize exports that made the nation money. Colonies were a means of reducing England's dependence on foreign nations. Each colony would provide a raw material to England and this would allow the nation to not have to purchase that product from another nation. By establishing colonies loyal to the Crown, Great Britain would be expanding a dependable market for the finished products coming out of British industries.
Wiki User
∙ 13y ago
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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 best describes the economic policy of mercantilism?
Colonies creating wealth for the mother country.
What is the economic system in which colonies only exist for the profit or benefit of the Mother Country?
Mercantilism
Under the economic system of mercantilism colonies were encouraged to?
provide raw materials for the mother country
Which economic policy was based on the idea that the American colonies existed primarily to provide enconomic benefits for Great Britain?
I believe you're slightly confused. Mechantalism was an economic theory that said that for a country to be wealthy and powerful, it had to export more than it important and the colonies were to be founded for the sole purpose of making money for the mother country. Britain founded its American colonies because of this theory.
The economic system where colonies supply goods to the mother country is called .?
The economic system is called mercantilism.
An economic system in which colonies supply goods to the mother country is called .?
The economic system is called 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 best describes the economic policy of mercantilism?
Colonies creating wealth for the mother country.
What is the economic system in which colonies only exist for the profit or benefit of the Mother Country?
Mercantilism
How did colonies make england rich?
Through the English economic system of mercantilism - colonies providing the mother country with wealth.
Under the economic system of mercantilism colonies were encouraged to?
provide raw materials for the mother country
What is the economic system under which colonies make their mother country rich through exclusive trade?
mercantilism
The economic system where colonies are set up to make the mother country rich is called what?
mercantilism
What was the purpose of founding all the colonies?
The main purpose of founding the American Colonies was for the economic benefit and prestige of the mother country, through a system of mercantilism.
What policy was established by Great Britain to ensure the sole purpose of the American colonies was to provide economic rewards and advantages to the mother country?
Mercantilism
Which economic policy was based on the idea that the American colonies existed primarily to provide enconomic benefits for Great Britain?
I believe you're slightly confused. Mechantalism was an economic theory that said that for a country to be wealthy and powerful, it had to export more than it important and the colonies were to be founded for the sole purpose of making money for the mother country. Britain founded its American colonies because of this theory.
