46. Mercantilism O was enforced with the utmost scrutiny. O had significant economic, but little political, impact on British colonial-relations.. O gave colonists a guaranteed market for their goods. O posed a severe threat to the economic well-being of the colonists. PDF 17 SEP 22
Mercantilism, an economic policy, targets amplifying a nation's power and wealth: it achieves this through governmental regulation of foreign trade along with state support for domestic industries. This strategy incorporates several policies; these typically encompass import tariffs--an effort to protect domestic production and export subsidies to boost international sales and the foundation of colonies that supply raw materials and serve as markets for finished goods.
From the 16th to the late 18th centuries, Europe's dominant economic system was Mercantilism; a belief firmly grounded on the premise that global wealth is finite. The idea posited—nations could only amass more wealth through appropriation from their counterparts—an ideology often wielded as justification for colonial and imperial pursuits.
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