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The mercantilist system was when the English (and other countries) were expanding and looking for more income or revenue, and founding colonies was a very key way to do that.
Exports, Imports.
Importing cheap consumer goods from foreign countries
Importing cheap consumer goods from foreign countries
the country's navy uses only imported wood and steel to build its ships
The mercantilist system was when the English (and other countries) were expanding and looking for more income or revenue, and founding colonies was a very key way to do that.
Exports, Imports.
They were termed "Anti-Smuggling Laws" and were designed to ensure that the Mercantilist System would be profitable to the British leadership.
Do you have Mr. Ventura as a teacher
Importing cheap consumer goods from foreign countries
This is Professor Rismandel, no cheating.
Importing cheap consumer goods from foreign countries
Importing cheap consumer goods from foreign countries
The main idea behind mercantilism is that you want more exports than imports (more money coming into your country than going out of your country).
the country's navy uses only imported wood and steel to build its ships
the country's navy uses only imported wood and steel to build its ships
Mercantilist is what the British economic system was between 1651 and 1733. This type of system used government regulation of the economy.