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Question
which economic theory suggests that colonies exist to benefit the mother country?
a. mercantilism
b. capitalism
c. communism
d. socialism
Mercantilism is an economic theory where colonies are established to provide raw materials and markets for the mother country, helping it accumulate wealth (usually in the form of gold and silver) through trade and colonial exploitation. Capitalism focuses on private ownership and free markets, communism and socialism emphasize communal or state ownership and equality, neither of which center on colonies benefiting the mother country in the same way mercantilism does.
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a. Mercantilism