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What role did colonies play in the mercantilist economic system?
Wiki User
∙ 11y ago
Mercantilism is an economic system that was arranged and became prevalent in European society in the 17th and 18th centuries. The system endorsed the use of a monopoly to control access to and from markets such as the East India Companies set up by the British and Dutch or VOC (French). These companies would hold a monopoly over the trade to a licensed area and the coloneis fit into the theory as a market for the goods developed in the home country to be exported outward and also for raw materials to be fed from the colonial possessions back to the home country for production.
Wiki User
∙ 11y ago
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In the US what role does the government play in the economic system?
the government enforces economic laws and regulations
What role does the government play in a free enterprise system?
It passes economic laws and regulations
Which role does a government play in a free enterprise system?
it passes economic laws and regulations
Which role does the government play in free enterprise system?
it passes economic laws and regulations
Centralized economic system?
In centralized economic system everything in the economy is controlled by the government. In this type of economies market does not have any role to play. Production and consumption of goods are controlled by the government.
In the US what role does the government play in the economic system?
the government enforces economic laws and regulations
What role does the government play in a free enterprise system?
It passes economic laws and regulations
Which roles does the government play in a free enterprise system?
it passes economic laws and regulations
Which role does a government play in a free enterprise system?
it passes economic laws and regulations
Which role does the government play in free enterprise system?
it passes economic laws and regulations
Centralized economic system?
In centralized economic system everything in the economy is controlled by the government. In this type of economies market does not have any role to play. Production and consumption of goods are controlled by the government.
Describe three types of government in the English colonies?
The English colonies had three distinct forms of government. There was a self-governing system, Proprietary Colonies which were owned by the king, and those colonies owned by individuals (Dukes) called Royal colonies.
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The United States is said to have a mixed economy because privately owned businesses and government both play important roles
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they play marbles and guessing games
What role does government play in the free enterprise system?
Enforcing legal regulations to keep employees safe Yw
How did trade and economic competition play a role in starting the war?
A basic answer to your question is that these two countries wanted to control the American colonies because if they control the land, then they can earn more money from engaging in international trade.
