Answer:
Shipbuilding industry was the top priority for New England settlers
Explanation:
During the British colonization in America, the New England settlers of North America started to establish their own colonies to practice their religion. In order to establish a vast trading in North America, these settlers started to adopt various trades’ like- shipbuilding, whaling, fishing, textiles and many more, of which Shipbuilding was their top priority.
The American natural resources, the perfect location and abundance of capital initiated the shipbuilding industry. To enhance their shipbuilding industry they started the fishing trade.
A Mixed Economy: The Role of the Market. The United States is said to have a mixed economy because privately owned businesses and government both play important roles. ... When economic forces are unfettered, Americans believe, supply and demand determine the prices of goods and services.
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