Britain founded colonies to secure access to natural resources and to create markets for British-made goods. Which term BEST describes British economic policy during the colonial period?

Natural resources refer to actual resources that actually exist in the environment that can be used by humans. The natural resources are oil, coal, petroleum, fossil fuel, gas, sand, metals, stone, air, water, solar energy, and soil, etc.

Britain adhered to mercantilist practices, allowing the colonies to supply goods to boost wealth in their mother nation. European countries were forced to mine raw materials from colonies due to mercantilist practices. These policies' principal objective was to seize the raw materials.

Therefore, option (a) is correct.

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Option:-

A. mercantilist

B. contractionary

C. laisses-faire

D. socialist

Britain founded colonies to secure access to natural resources and to create markets for British-made goods. Which term BEST describes British economic policy during the colonial period?​

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Britain founded colonies to secure access to natural resources and to create markets for British-made goods. Which term BEST describes British economic policy during the colonial period?