This was the economic philosophy that control of imports was the key to enhancing the health of a nation and that colonies existed to serve the home country as a source of raw materials and a market for manufactured goods.

Mercantilism was  the  economic philosophy  that  control of  the  import,was the  key  enhancing the  health  of the  nation  and  the  colonies  existing  to serve  home  country as  a  source of raw  material  and   market  to manufactured goods this resulted  generation  of wealth and  accumulation  of  profitable balance.

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