This policy is known as COLONIZATION.
Colonization refers to the action of settling down among foreign indigenous people and establishing control over them. Politically, this action is usually carried out by powerful countries. The Europeans were able to colonize Africa, America and India.
Answer:
White males who owned a certain amount of property and who paid taxes.
Explanation:
Mercantilism exists an economic policy that exists created to maximize the exports and minimize the imports for an economy.
<h3>What is Mercantilism ?</h3>
Mercantilism exists as an economic approach by which governments utilized their economies to increase state power at the expense of other countries. Governments sought to confirm that exports exceeded imports and to earn wealth in the form of bullion (mostly gold and silver).
Mercantilism exists an economic policy that exists created to maximize the exports and minimize the imports for an economy. It facilitates imperialism, colonialism, tariffs, and subsidies on traded goods to attain that objective.
Mercantilism led to the emergence of what's been named the “triangular trade”: a system of exchange in which Europe provided Africa and the Americas with finished goods, the Americas supplied Europe and Africa with raw materials, and Africa supplied the Americas with enslaved laborers.
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According to Adam Smith, the desire to earn more money as a baker or another profession benefits society by generating free competition and developing the market, generating lower prices, higher quality of products and services, and faster production.
<h3>Who was Adam Smith?</h3>
Born in Edinburgh in 1723, Smith was a philosopher and economist who advocated economic liberalism. For him, it should have complete economic freedom to increase private initiative.
Through his ideas based on less state intervention in private property, Adam Smith was an influencer for the development of capitalism.
Therefore, in the Enlightenment period, Adam Smith instituted ideas in support of free trade, being supported by the bourgeoisie who were against the absolutism still practiced by the kings at that time.
According to his theory, liberalism would promote economic freedom that would regulate the market through free competition.
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