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5 October, 16:04

How do colonies benefit the mother country under mercantilism?

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  1. 5 October, 16:32
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    Between 1640-1660, Great Britain enjoyed the greatest benefits of mercantilism. During this period, the prevailing economic wisdom suggested that the empire's colonies could supply raw materials and resources to the mother country and subsequently be used as export markets for the finished products.
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