What was the basic economic structure established by England
A. import/export economy
b. mercantilism
c. market economy
d. capitialism
b. mercantilism
The basic economic structure established by England can be categorized as b. mercantilism.
To arrive at this conclusion, you can review the historical development of England's economic system. Here are the steps to follow:
1. Research the historical period in question: Start by understanding the economic context of England during the period under consideration. Consider relevant timeframes, such as the Tudor era, the Elizabethan era, or the British Empire's expansion.
2. Identify the prominent features of England's economic system: Explore the key aspects of England's economy during the chosen period. Look for policies, practices, and beliefs that can form the foundation of the economic structure.
3. Compare the different economic systems: Analyze the characteristics of the options provided - import/export economy, mercantilism, market economy, and capitalism. Understand the principles, goals, and mechanisms underlying each system.
4. Determine the closest match: Evaluate which economic system aligns most closely with the features identified in step 2. Consider the prominent characteristics of mercantilism, such as the emphasis on exports, government regulations, colonies, and accumulation of wealth.
By applying this analytical approach and considering the historical context, you will find that the basic economic structure established by England aligns with mercantilism, making option b. the correct answer.