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The phrase mother country is best associated with the economic philosophy known as?
mercantilism
Mercantilists economic philosophy?
Mercantilism is defined as being the economic policy or theory in which a country sets up a colony or several colonies, like Spain did in Latin America or Britain in North America, for the sole reason of the economic gain of the mother country. IN other words, the only reason a mercantilistic country would set up a colony was for the economic prosperity of the mother country through the natural resources and manual labor gotten in the colony.
Why did colonists dislike mercantilism?
because it was in favor of the British Mercantilism was the economic philosophy underlying early European colonial policy. The object of mercantilism was to increase the wealth of the Mother Country (England) in gold and silver.
Which economic system consisted of colonies making for the mother country?
The economic system in which colonies produced goods primarily for the benefit of the mother country is known as mercantilism. This system emphasized the accumulation of wealth through a favorable balance of trade, where colonies supplied raw materials and resources to the mother country, which in turn manufactured goods for export. The goal was to enhance the economic power and self-sufficiency of the mother country while limiting the colonies' economic independence.
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.
What is the name of the economic theory that colonies exist solely to enrich the mother country?
Imperialism.
What is the economic system in which colonies only exist for the profit or benefit of the Mother Country?
Mercantilism
What best describes the economic policy of mercantilism?
Colonies creating wealth for the mother country.
Why is philosophy regarded as the mother of all discipline of study?
why is philosophy regarded as the mother of all discipline of study
The economic system where the colonies are set up to make the mother country rich is called?
colonism
Under the economic system of mercantilism colonies were encouraged to?
provide raw materials for the mother country
