What statement does not describe the mercantile system in coloinal America?

A statement that does not describe the mercantile system in colonial America is that it promoted free trade and open markets. The mercantile system was characterized by strict government regulation of the economy, aiming to accumulate wealth through a favorable balance of trade and control over colonial resources. It prioritized the interests of the mother country over those of the colonies, limiting their economic independence and trade relationships with other nations.