Question

What was the economic philosophy of mercantilism?
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Answer 1

Colonies exist to enrich the home country and therefore shouldn’t be allowed to trade with anyone except the home country

Step-by-step explanation:

Many Western European countries believed that their colonies should not trade with any other countries.

Answer 2

New is based on the idea that a nation's wealth and power were best served by increasing exports in an effort to collect precious metals such as gold and silver