0
What else can I help you with?
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 it called to buy from another country?
Buying from another country is referred to as "importing." This process involves purchasing goods or services produced in a foreign nation and bringing them into one's own country for sale or personal use. Importing can include a variety of products, from raw materials to finished goods. It often requires compliance with customs regulations and tariffs.
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 are commodities sent from one country to another for purpose of trade called?
Commodities sent from one country to another for the purpose of trade are called exports. These goods can include a wide range of products, such as raw materials, agricultural products, and manufactured items. Exports play a crucial role in a country's economy by generating revenue and fostering international trade relationships. Conversely, commodities imported into a country for trade are referred to as imports.
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
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
Who is colonies supply raw materials that the mother country can manufacture?
Colonies supply raw materials to the mother country, which can then manufacture these resources into finished products. This system is a key aspect of mercantilism, where the mother country benefits economically by controlling trade and production. The colonies provide essential resources such as timber, minerals, and agricultural products, which fuel the industries of the mother country, thereby enhancing its wealth and power.
What is purchasing products or materials in other nations and bringing them into ones country?
Importing is the process of purchasing products or materials from other nations and bringing them into one's country. This can involve custom duties, tariffs, and compliance with trade regulations set by national governments.
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 is it called to buy from another country?
Buying from another country is referred to as "importing." This process involves purchasing goods or services produced in a foreign nation and bringing them into one's own country for sale or personal use. Importing can include a variety of products, from raw materials to finished goods. It often requires compliance with customs regulations and tariffs.
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
Which country does Humectant come from?
Humectant is not a country, it is a substance commonly used in skincare products to help retain moisture. It can be derived from various sources such as plants, animals, or synthetic materials.
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
