According to the economic policy of mercantilism how did colonies benefit the parent european country?

Explanation: The colonies were able to continue to exist by support from their European benefactors. Without the capital and support of the "mother" country the colonies would have failed to thrive. Jamestown is an example of this failure, because they no longer received necessary infusions of capital.

an expansion is one of two basic business cycle phases; the other is contraction. the transition from expansion to contraction is a peak, and the changeover from contraction to expansion is a trough.

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