Like this study set? Create a free account to save it.

Sign up for an account

Already have a Quizlet account? .

Create an account


Trade with no money involved


A shortage of something. Not enough


Colonies exist for the benefit of the parent country. There is a limited amount of money in the world, try to get as much as you can. Don't trade with other countries. use your own colonies to get supplies.


A government order to stop foreign trade


A group of people or lands controlled by one nation or ruler outside that rules own country


import taxes


illegal trade

writes of assistance

Court orders that allowed customs agents to conduct searches of homes and ships for smuggling.

navigation acts

laws that put the theory of mercantilism into practice. Because of high taxes, not allowed to trade freely, and it was difficult to make money.


The buying and selling of goods and services


A procedure used to inspect people and good entering a country

law of supply and demand

higher price less demand
more demand higher price


extra amount of something

favorable balance of trade

sells more than buys

raw materials

A primary of a manufactured good/product


receiving goods from another country


shipping goods to another country

manufactured goods

a raw material that has been processed into a finished product

triangular trade

trade routes in the atlantic ocean between africa, the west indies, america colonies and england

Please allow access to your computer’s microphone to use Voice Recording.

Having trouble? Click here for help.

We can’t access your microphone!

Click the icon above to update your browser permissions and try again


Reload the page to try again!


Press Cmd-0 to reset your zoom

Press Ctrl-0 to reset your zoom

It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.

Please upgrade Flash or install Chrome
to use Voice Recording.

For more help, see our troubleshooting page.

Your microphone is muted

For help fixing this issue, see this FAQ.

Star this term

You can study starred terms together

Voice Recording