which economic system is illustrated by this image of a colonial settlement producing goods for the benefit…

which economic system is illustrated by this image of a colonial settlement producing goods for the benefit of the mother country?\no socialism\no feudalism\no mercantilism\no capitalism

which economic system is illustrated by this image of a colonial settlement producing goods for the benefit of the mother country?\no socialism\no feudalism\no mercantilism\no capitalism

Answer

Brief Explanations:

Mercantilism was an economic system where colonies produced goods for the mother - country to increase the mother - country's wealth, often through strict trade regulations and a favorable balance of trade. Socialism emphasizes collective or state ownership of the means of production. Feudalism was a social and economic system based on land - holding and obligations in medieval Europe. Capitalism is based on private ownership and free - market competition.

Answer:

C. Mercantilism