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27 April, 01:52

What role did colonies play in the creation of mercantilism?

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  1. 27 April, 02:00
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    Mercantilism is intended to function as an economy by which a nation, such as England or Great Britain obtains colonies throughout the world.

    Explanation:

    Britain, in a mercantilistic economy, took raw materials and made them into finished products and then sold them back to the colonists
  2. 27 April, 02:07
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    according to mercantilist theory colonies had one purpose to generate revenue for the mother country. these proved astonishingly lucrative when processed and sold on european markets and served as a major source of revenue. the aim of mercantilism was the creation of a positive balance of trade.
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