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raw materials and markets

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According to the theory of mercantilism the principal purpose of the thirteen original colonies was to provide Great Britain with?

raw materials and markets


According to the theory of mercantilism what colonies existed primarily to?

provide food and raw materials.


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.


According to the theory of mercantilism the principal purpose of the 13 original colonies was to provide Great Britain with what?

According to the theory of mercantilism, the principal purpose of the 13 original colonies was to provide Great Britain with raw materials and resources that could be used to fuel its economy and enhance its power. The colonies were seen as a source of wealth, supplying goods like tobacco, timber, and fur, which were vital for British industries. Additionally, the colonies served as a market for British manufactured goods, reinforcing the economic dominance of Great Britain. This system aimed to create a favorable balance of trade, benefiting the mother country while limiting the colonies' economic independence.


What economic theory did European nations follow in their creation of colonies?

mercantilism


Who had the theory which held that colonies exist for the benefit of the home country?

Mercantilism


The seventeenth century theory which viewed colonies primarily as sources of raw material is?

Mercantilism is the economic system where colonies provided raw materials to England.


What economic theory helped define the relationship between England and the colonies?

Mercantilism


Why were the colonies important in the theory of mercantilism?

The Colonies were important because they supply Great Britain raw resources and material.


What best support the theory of mercantilism?

Colonies do not contribute to the economic success of Great Britain


The 17th century economic theory which viewed colonies primarily as sources of raw materials?

Mercantilism


What statement best supports the theory of mercantilism?

Colonies do not contribute to the economic success of Great Britain