Question

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Question to users who have brain

how mercantism led to Industrial revolution and later added to colonilism??

Answer 1

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Mercantilism,
refers to the idea that trade and commerce generates wealth and is hence, a effective means for progress as a social group.

Competition and innovation are key identifiers of the same.

State mercantilism
 rose significantly in the 16th century Europe with enlightenment and rising propensity of people to acquire material pleasures.

But a country has limited resources - both in quantity and quality.
Advent of communication and transportation innovations encouraged mercantilists to explore more areas, particularly in Latin
America and Asia, which could serve both as source of raw materials and prospective markets.


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