What is featured of mercantilism?

Anonymous

∙ 9y ago

Updated: 3/21/2022

Mercantilism is the economic policy that a metropole should have a number of colonies that provide it material wealth, unrefined resources, and a market for its goods. As a result, according to mercantilism, the colonies were required to engage in two general behaviors: (1) The colonies were locked into exclusive trade between the colonies and the metropole and were not allowed to trade with any other nation or colony. (2) No manufactures or complex goods could be made in the colonial territory. As a result the colonies would provide wealth to the metropole by trading their Natural Resources for less than they would be worth and by buying manufactures for much more money.

Ressie Okuneva ∙

Lvl 13

∙ 3y ago

What else can I help you with?

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

Where did mercantilism develop?

Mercantilism developed in Europe around the late 16th to 18th centuries

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