Use the words import, export, and mercantilism in a paragraph about the colonies.

Mercantilism is an economic policy in which a country must import more than it exports. In order to make their mercantilist economy succeed, Britain needed to import raw materials from its colonies. The American colonies were allowed to manufacture their own goods if they chose to.

Explanation:

explanation:

with the profits from the european sales, merchants purchased europe's manufactured  goods, including tools and weapons. then the merchants shipped those manufactured  goods, along with the  american  sugar and rum, to west africa where they were bartered for  slaves.