The policy referred to as mercantilism implied that

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Mercantilism was a policy that focused on accumulating wealth for a nation by increasing exports and decreasing imports. The idea was to have colonies provide raw materials to the mother country, which would then turn them into finished goods and export them for a profit. This meant that colonies were expected to be economically dependent on the mother country and only trade with it. The policy was believed to make a nation wealthy by increasing its bullion reserves and reducing the need to import finished goods from other countries.

The Policy Referred to as Mercantilism Implied That