Mercantilism is the economic policy that proposed the increase of the wealth of the country by supplying and exporting the finished products to other countries. In this process, the raw materials are processed by the colonies of the countries to help in production of the finished products. These finished projects are then exported to other countries to help in increase the national income. It was because of this reason that the Great Britain did not gave permission to the colonies to not to produce the finished goods.
