Key Takeaways. Mercantilism in Great Britain consisted of the economic position that, in order to increase wealth, its colonies would be the supplier of raw materials and exporter of finished products. Mercantilism brought about many acts against humanity, including slavery and an imbalanced system of trade
Depending on the context, it can either be "Imperialism" or "Colonialism", the main difference pertaining to the exploit of the lesser nation's resources.
The importance is that you need to describe of what the thing is or object and explain detaled to explain the importance like adding more detail you need to know making the people know more and explore harder
