Between 1640-1660, Great Britain enjoyed the greatest benefits of mercantilism. During this period, the prevailing economic wisdom suggested that the empire's colonies could supply raw materials and resources to the mother country and subsequently be used as export markets for the finished products.
Answer:
Pool
Explanation:
Given that pool is a term in business that is used to describe a form of the agreement made by the members of the pool with the fundamental purpose of retaining powerful control over prices. It involves producers of similar products that wish to standardize the product prizes.
Hence, in this case, a POOL is a group of businesses that make an informal agreement to cooperate in controlling a market or industry.
The answer for this question is c
