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The theory of mercantilism is economic philosophy underlying early European colonial policy. This is to increase the wealth of the metropole (mother country). In 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.
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The dominant economic theory of the late 1700s was?
MercantilismThe answer is Mercantilism
Did the theory of mercantilism was based on the idea that colonies existed primarily for the economic benefit of the mother country?
(True) that is the theory of mercantilism.
What is the economic theory that supported colonialism?
Mercantilism :)
What statement describes the theory of mercantilism?
The theory of mercantilism is described best as England giving economic favors. these favors were given to some companies and people but not others.
What is the theory that a state or nations power depends on its wealth?
mercantilism
The dominant economic theory of the late 1700s was?
MercantilismThe answer is Mercantilism
Did the theory of mercantilism was based on the idea that colonies existed primarily for the economic benefit of the mother country?
(True) that is the theory of mercantilism.
What was the Economic theory that supported colonialism?
Mercantilism
What is the economic theory that supported colonialism?
Mercantilism :)
What statement describes the theory of mercantilism?
The theory of mercantilism is described best as England giving economic favors. these favors were given to some companies and people but not others.
What is the theory that a state or nations power depends on its wealth?
mercantilism
According to the theory of mercantilism a nation's power is based on its?
wealth
The theory that a states power depends on its wealth is called?
Mercantilism
What theory holds that a nations power depends on trade?
Mercantilism.
What economic theory says power depends on wealth?
Mercantilism
What is the economic theory of mercantilism?
Mercantilism is an economic theory used by Europe in the late 16th to 18th century that introduced government regulations. It is said to be a brainchild of Adam Smith's book, The Wealth of Nations.
Economic theory that it was better for a nation to sell more then it bought?
mercantilism
