What were the advantages and disadvantages of mercantilism?

Answer 1

Mercantilism was created to increase the profit made by a country. The mother country sends a people to another territory to create a colony. The colony extracts material from the new territory and sells it back to the mother country, who converts the material to finished goods that they can sell to other countries.

Some of the disadvantages were that there were being resources taken away from the territory.

Also, the colony was only allowed to trade with the original country.