39.2k views
4 votes
What role did colonies play in the creation of mercantilism?

User Crandel
by
8.2k points

2 Answers

6 votes

Answer:

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.

Step-by-step explanation:

User Sonny Saluja
by
8.4k points
2 votes

Answer:

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

Step-by-step explanation:

Britain, in a mercantilistic economy, took raw materials and made them into finished products and then sold them back to the colonists

User Arizafar
by
7.5k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.