mercantilism
Limited resources, raw materials, market for finished products, wealth (All Of These)
Railroads helped move raw materials to the factories and finished goods to the market.
Colonies played a crucial role in a mercantilist economy because they provided a source of raw materials and served as captive markets for the mother country's manufactured goods. The colonies acted as suppliers of resources such as timber, minerals, and agricultural products, which were used to fuel the industries back in the home country. Additionally, colonies provided a reliable market for finished goods, ensuring a steady flow of profits for the merchants and the government.
A country with colonies gained significant economic advantages, as it could exploit the natural resources and raw materials of its colonies, leading to increased wealth and trade opportunities. Additionally, colonies provided a captive market for the mother country's manufactured goods, boosting industrial growth. Furthermore, having colonies often enhanced national prestige and geopolitical power, allowing the colonizing nation to exert influence on the global stage.
market town is one
mercantilism
Colonialism is the system that uses colonies as a source of raw materials and a market for finished goods. It is different from Imperialism in that its motivations are purely economic.
navagation act
Navigation acts
Colonies provided a market for finished goods or Colonies provided cheap labor. Colonies provided England with raw materials.
Limited resources, raw materials, market for finished products, wealth (All Of These)
Colonies provided a market for finished goods or Colonies provided cheap labor. Colonies provided England with raw materials.
raw materials and cheap labor for apex 7.2.4
The colonies supplied European nations with wealth such as raw materials, natural resources, trade routes, and a market place for finished goods.
mercantilism
Railroads helped move raw materials to the factories and finished goods to the market.
Railroads helped move raw materials to the factories and finished goods to the market.