The success of the Mercantile economy depended on England providing the colonies with cheap raw materials in an exchange for expensive finished goods Colonies providing England with cheap raw materials in an exchange for expensive finished goods Increase competition for trade goods in America Colonies making huge profits off the sale of their goods to countries around the world
The success of the Mercantile economy depended on England providing the colonies with cheap raw materials in an exchange for expensive finished goods Colonies providing England with cheap raw materials in an exchange for expensive finished goods Increase competition for trade goods in America Colonies making huge profits off the sale of their goods to countries around the world
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Transcribed Image Text:The success of the Mercantile economy depended on
England providing the colonies with cheap raw materials in an exchange for expensive finished goods
a
Colonies providing England with cheap raw materials in an exchange for expensive finished goods
Increase competition for trade goods in America
Colonies making huge profits off the sale of their goods to countries around the world
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A nation uses different policies to balance the economy and every nation has the primary goal of keeping export higher and import lower as export helps to bring foreign currency that also increases the government revenue.
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