No, countries would not have had as much of an incentive to set up colonies if they did not have mercantilist economies.
This is because the concept of mercantilism allows countries that colonize other countries to get wealthy and powerful. This is done through the practice of mercantilism which means the colonies or colonized countries export raw materials to the countries that colonized them at a very cheaper rate, and in turn, these countries sell the refined products made from the raw materials to these colonies at a have higher price, hence, enriching the countries that are colonizing the colonies. And one of the major purposes of establishing colonies is to make wealth.
Therefore, in this case, the correct answer is No, countries would not have had as much of an incentive to set up colonies if they did not have mercantilist economies.
Learn more here: https://brainly.com/question/19992688
