A lot of people make profit from business transactions. The Entrepreneurs who conducted business in the Port cities of the American colonies were the group in the American colonies benefited the most as a result of this trading system.
- The colonies were set up to meet some roles in a mercantilist system. The role is to provided free raw materials for English manufacturers and a growing market for the consumer goods that they produced.
A lot of entrepreneur especially the white southerners were known to be richest, on average, as they benefited from mercantilism.
Great Britain was known to also enjoyed the greatest benefits of mercantilism. The empire's colonies did supply raw materials and resources to the mother country.
Learn more about Trade system from
brainly.com/question/25807212
The early part of the Vedic period, was an age of economic self-sufficiency and consequently there was little scope for an exchange of commodities. All the rural centres were self-supporting. Every house-holder produced the necessaries of life—his farm producing his food-grains and other necessaries, the industry of the women of his household supplied him with his clothing, while the craftsmen attached to the village did the rest. Consequently, there was no inter-dependence between two neighbouring local areas. The surplus product was kept for future consumption. This state of full economic independence did not however last long. Society became complex.
A large section of the community gave up the simple agricultural life; the primitive arts and crafts drew away a large number; owing to these and various other causes, there arose a scope for interchange of commodities between different local areas.
Answer:
Globalization is the word used to describe the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.
Explanation:
Alexandrian Greeks placed an emphasis on Hellenistic culture, in part to exclude and subjugate non-Greeks. The law in Alexandria was based on Greek—especially Attic—law. There were two institutions in Alexandria devoted to the preservation and study of Greek culture, which helped to exclude non-Greeks.
