Answer: I think it true hope it helps you if not sorry
Explanation:
Answer:
The conquest of new lands directly contributed to the economic growth of nations since through territorial expansion new territories were acquired that included within themselves enormous amounts of natural resources.
Thus, for example, the territorial expansion of Spain during the conquest of America allowed the Spanish Empire access to precious metals and different grains that contributed to the economic development of the nation and the well-being of its citizens.
Another example is that of the United States, which after the annexation of California was able to exploit the enormous gold reserves that were in the territory of the State.
All three are ways of approaching the economic system and how much the government should be involved in that system.
Capitalism involves private ownership of businesses with little to no government interference or regulation. Most countries do not run on laissez-faire capitalism in which there is no gov't regulation. However more run as a blend between capitalism and socialism.
In socialism, the government owns the means of production and sets pricing, wages, quotas, and production. Often managers are government appointed and the workers all receive an equal wage for their work. Cooperation is key to the success of socialism. This is also the step between an overthrow of capitalism to full communism.
In communism, the means of production are owned by the people and the gov't is no longer needed to regulate business and/or wages. It is a complete cooperative state where the workers work for the good of all.