According to mercantilists, the purpose of colonies was to provide inexpensive resources and raw materials to parent countries. This economic theory emphasized the importance of accumulating wealth through a favorable balance of trade, with colonies serving as sources of raw materials and markets for manufactured goods.
According to mercantilists, what was the purpose of colonies? (1 point) Responses to export manufactured goods to parent countries to export manufactured goods to parent countries to import luxuries from parent countries at discounted prices to import luxuries from parent countries at discounted prices to provide inexpensive resources and raw materials to parent countries to provide inexpensive resources and raw materials to parent countries to reduce competition and tariffs
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The answer is: to provide inexpensive resources and raw materials to parent countries.
1 answer