Mercantilism

Economic theory that states exports should exceed imports

Money should stay within a country

Colonies exist to make money for the mother country

Natural resources are taken from colony to mother country

Mother Country sells manufactured goods back to colony

​Mother Country decides who the colony trades with.

Exports are goods that leave a country because they've been bought by other countries

Imports are goods that come in a country because the citizens have bought them

Raw Materials are the basic materials from which a product is made

Manufactured goods are items made from raw materials using machinery and labor