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Mercantilism consists of high tariffs, a monopoly on trade, and low wages. The colonies were only allowed to trade with Great Britain and then they had to buy back the goods that they had originally sold to them except Great Britain had manufactured them into other items.
What else can I help you with?
What part of mercantilism did bullionism consist of?
The part of mercantilism did bullionism that consisted of both the current account and capital account.
How did the physiocrats feel about mercantilism?
They hated the mercantilism
What is a good sentence for mercantilism?
mercantilism was eventually replaced by capitalism
How is capitalism different from mercantilism?
Capitalism is an economic system. Mercantilism is trading.
The dominant economic theory of the late 1700s was?
MercantilismThe answer is Mercantilism
What was an aspect of mercantilism?
One aspect of mercantilism is building a network of colonies overseas.
What is a sentence using the word mercantilism?
Mercantilism still rules the financial press.
What was aspect of mercantilism?
One aspect of mercantilism is building a network of colonies overseas.
Was mercantilism an early phase of capitalism?
That is true, mercantilism was an early phase of capitalism.
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.
What is an example of a sentence using the word mercantilism?
Mercantilism was a way to get money from other nations. It is an example of mercantilism in a sentence.
How did mercantilism represent a form of government intervention in the economy?
Did mercantilism accept the intervention of government
