sulynn9591
sulynn9591 sulynn9591
  • 23-12-2020
  • Social Studies
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How did Mercantilism work with the colonies and Great Britain?

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Baraq
Baraq Baraq
  • 28-12-2020

Answer:

The answer is below.

Explanation:

The Mercantilism between Great Britain and Colonies work in such a way that the colonies are the suppliers of raw materials to Great Britain, often in a cheap way.

Great Britain in return will manufacture or refine the raw materials to the finished products. And the finished products are sold to the colonies for profits.

The colonies are prevented or limited to perform international trade with foreign nations.

It basically develops an imbalance of trade

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