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what is the correct definition of mercantilism? the idea that trade among more countries makes them all wealthier the idea that trade laws should not be strictly enforced the belief that money made in the colonies should benefit the mother country the rule that goods had to be transported to american colonies on british ships
Mercantilism is an economic theory that a nation's wealth is increased by a positive balance of trade. It emphasizes government - regulated trade to benefit the mother country, such as having colonies produce goods for the mother country's profit. Goods made in colonies should benefit the mother country as part of mercantilist policies.
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the belief that money made in the colonies should benefit the mother country