He thought the economy would do better by finding efficiency and wealth through the "Invisible Hand" of the market. He felt that government intervention weakened the economy. He also thought that the government would set up a system where businesses would start to band together to try to extract favors from the government, thus, the businesses would work together and not compete, which would make their product prices raise, and their product value and quality fall.
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The Renaissance was a fervent period of European cultural, artistic, political and economic “rebirth” following the Middle Ages. Generally described as taking place from the 14th century to the 17th century, the Renaissance promoted the rediscovery of classical philosophy, literature and art.
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The European colonizer looked for more raw materials that were needed to manufacture goods in Europe. While they also needed a new marketplace and Africa helped with that too, that was not the primary benefit that the colonizers got. Africa had a lot of raw materials that were untouched and Europeans used that to their advantage.
