This was the economic philosophy that control of imports was the key to enhancing the

Geography

1 answer:

Agata [3.3K]3 years ago

6 0

Answer:

"Mercantilism" was the economic philosophy that control of imports was the key to enhancing the health of a nation and that colonies existed to serve the home country as a source of raw materials and a market for manufactured goods.

Explanation:

Mercantilism is a national economic policy that is intended to increase the exports, and decrease the imports, of a nation. These strategies intention to decrease a likely present version shortage or range a present version excess. Mercantilism, also called "commercialism,” is a organization in which a nation efforts to a mass affluence through trade with other countries, exporting extra than it imports and growing stores of gold and precious metals. It is often measured an obsolete system.

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