Why were the colonies a critical component of mercantilism practice?

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asked Feb 7, 2019 192k views

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Petagaye · Answer 1 · 2019-02-13T08:12:08+0000

Mercantilism states that high production ensures peace and stability. Colonies, at that time, were ensuring steady flow of work force and raw materials essential for the sustained production.

Why were the colonies a critical component of mercantilism practice?

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