What was the economic practice of many European nations in the fifteenth and sixteenth centuries in which they sought cheap raw materials from which to create finished products that could be exported to build the nation's wealth, justifying their colonial empires?
A)free enterprise
B)mecantilism
C)barter systems
D)socialism

Question

Quizplus · Accepted Answer

Mercantilism was the dominant economic practice among European nations during the fifteenth and sixteenth centuries, focusing on accumulating wealth through trade, establishing colonies for raw materials, and exporting finished goods.

What Was the Economic Practice of Many European Nations in the Fifteenth