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When colonist must sell raw materials to and buy finished products from the mother country it is know as?
Wiki User
∙ 12y ago
Mercantilism
Wiki User
∙ 12y ago
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What was the economic theory held by mercantilists?
Mercantilism is the economic theory that the colony should produce raw materials for the mother country so that the mother country could then use these raw materials to create finished products that would then be sold to other markets. The colony was to sell at very low prices because the number one concern was the mother country's economy and not the colony's. The colony would be prohibited from trading their raw materials to other countries and would be forced to buy finished products from only the mother country though the mother country could sell their products freely
What are features of mercantisim?
Mercantilism: 1) colonies furnish raw materials; 2) the mother country manufactures these into valuable products, 3) which they sell back to the colonists.
What is the advantage of import and export?
I another country does not produce the products that my country produces, I can send my products to that country in exchange for products that they produce that I do not have. .... Simples 2.It ensures a nation earn foreign exchange therefore improving the living standards of that country
How do nations gain from importing products?
They get products that arent made or maufactured in the country.
What products are exported and imported into this country?
You'll have to specify what country you are referring to.
What was the economic theory held by mercantilists?
Mercantilism is the economic theory that the colony should produce raw materials for the mother country so that the mother country could then use these raw materials to create finished products that would then be sold to other markets. The colony was to sell at very low prices because the number one concern was the mother country's economy and not the colony's. The colony would be prohibited from trading their raw materials to other countries and would be forced to buy finished products from only the mother country though the mother country could sell their products freely
What is purchasing products or materials in other nations and bringing them into ones country?
importing
What system does a country take raw materials from lands it controls overseas and then sell finished goods to those lands?
The system that involves one country taking raw materials from lands that it controls overseas and then selling the finished goods back to them is Imperialism. The two major types of imperialism is regressive and progressive.
What does a colony usually provide for its ruling country?
raw materials and cheap labor for apex 7.2.4
Someone who helps to settle a new country but keeps his citizenship in his native country?
COLONIST
Which European country supported the colonist during the revolution?
France
What country did The Intolerable Acts give the land that the colonist had?
Mexico
A country that cannot produce the goods it needs and has to import materials and products in order to survive is referred to as economically self-sufficient True or false?
false
European country that came to the aid of the colonist during the revolution?
french :)
What country did The Intolerable Acts give to the land that the colonist had claimed to?
France
What country did the intolerable acts give land that the colonist had claimed to?
Mexico
What are features of mercantisim?
Mercantilism: 1) colonies furnish raw materials; 2) the mother country manufactures these into valuable products, 3) which they sell back to the colonists.
