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The basic economic structure established by England, particularly during the mercantilist period, was characterized by a system of trade that prioritized the accumulation of wealth through a favorable balance of exports over imports. This involved establishing colonies to provide raw materials, which were then processed in England and sold back to the colonies and other markets. The navigation laws enforced by England aimed to control colonial trade and ensure that it benefited the mother country. This framework laid the foundation for England's rise as a dominant global economic power.

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