The statements are true about the economy of colonial New England are-
- The New England colonies sent timber, fish, and whale products to England.
- New England farmers had difficulty farming the new land.
- New England towns became major trade centers.
<h3>What is the economy?</h3>
An economy of any country is defined as the ratio of production and consumption of goods and services in the country which determines the flow of cash in the market by knowing the purchasing parity of the citizens.
New England sent timber, fish, and whale products to England these goods are not available there. The farms of New England face difficulty in farming on the new land as the soil is rocky so farmers have to remove stones which is quite difficult and the climatic conditions are also not appropriate.
As new England sent goods to other countries it becomes a major trade center performing activities of exporting in the region.
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