Question

What role did colonies play in the creation of mercantilism?

Answer 1

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:

Answer 2

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