Mercantilism was the economic system prevalent in Europe in the sixteenth century that involved using one's wealth to create more wealth.
Answer:
Mercantilism economic system.
Explanation:
Mercantilism was the economic system that was developed and prevailing in Europe around 1600, in the mercantile economic system the colony provides raw materials like cotton, fur and mineral ores to colonized state.
The colonized state manufactured the final goods with the raw material which was provided by the colonial master country and sell back those final goods to the colonial master country.
