According to the European policy of mercantilism colonies should?

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2026-06-01 20:56

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According to the European policy of mercantilism, colonies should serve primarily as sources of raw materials and markets for the mother country's manufactured goods. This economic system emphasized the importance of accumulating wealth, particularly gold and silver, and encouraged the establishment of trade monopolies. Colonies were expected to contribute to the economic prosperity of the mother country while being restricted from trading with other nations. Overall, this policy aimed to enhance national power through economic control and exploitation of colonial resources.

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