what was the basic economist structure established by england?

Question

import/export economy
mercantilism
market economy
capitalism

Answer 1

The basic economic structure established by England was mercantilism. Mercantilism was a policy that aimed to increase the wealth and power of the nation through a combination of protectionism, colonization, and a focus on accumulating precious metals. It involved strict government regulations on imports and exports, the establishment of colonies for raw materials and markets, and the promotion of a favorable balance of trade. Although elements of capitalism and market economy did exist during this period, it was not until later that these economic systems were fully developed.