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.
