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12 February, 17:32

Explain why, under the system of mercantilism, European nations sought to create a favorable balance of trade.

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  1. 12 February, 20:16
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    Answer:During this period, the prevailing economic wisdom suggested that the empire's colonies could supply raw materials and resources to the mother country and subsequently be used as export markets for the finished products. The resulting favorable balance of trade was thought to increase national wealth.

    Explanation: I study it
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