The policy of mercantilism entails all of the following except that:
Colonies exist for the benefit of the mother country.
Colonies should act as a source of raw materials for the mother country.
Colonies should act as markets for the mother country.
Colonies should develop manufacturing to export products to the mother country.
Trade would increase overall wealth.
In general, colonies were NOT meant to develope manufacturing and exporting to the mother country.
1 answer
Colonies should develop manufacturing to export products to the mother country
1 answer