Question

12. According to the theory of Mercantilism, what should be the role of the colony?

(1) To provide the mother country with manufactured goods.
(2) To ensure the development of the colony
(3) To provide the mother country with natural resources.
(4) To allow the colony to become profitable.

Answer 1

According to the theory of Mercantilism, the role of a colony is (3) to provide the mother country with natural resources. Mercantilism was an economic theory popular in the 16th to 18th centuries that emphasized the accumulation of wealth and resources in the mother country. Colonies were seen as a source of raw materials and valuable resources to benefit the economic interests of the colonizing nation.