Under the mercantilist system, colonies existed to supply raw materials to the parent country and to serve as exclusive markets. Which term describes this economic theory?

Prepare for the NYS Global History and Geography Regents Test. Review with flashcards and multiple choice questions, each featuring hints and explanations. Get ready to excel in your exam!

Multiple Choice

Under the mercantilist system, colonies existed to supply raw materials to the parent country and to serve as exclusive markets. Which term describes this economic theory?

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