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Naddik [55]
3 years ago
15

Summarize the influence of mercantilism, labor systems, and economic activity in colonial America.

Social Studies
1 answer:
Cloud [144]3 years ago
3 0

Answer:

1)Mercantilism led to the creation of monopolistic trading companies, such as the East India Company and the French East India Company. Restrictions on where finished goods could be purchased led in many cases to burdensome high prices for those goods.2)In New Spain, colonial authorities relied on the pre-existing native practices and networks to exercise power over local populations. 3)Whatever early colonial prosperity there was resulted from trapping and trading in furs. In addition, the fishing industry was a primary source of wealth in Massachusetts. But throughout the colonies, people relied primarily on small farms and self-sufficiency.

Explanation:

hope this helps!

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On the island of Saucy , the local money is called "Noodley." The price of every good in Saucy is expressed as the number of Noo
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Answer:

The correct answer is -  A Measure of Value.

Explanation:

Money is the currency that is used by people to purchasing or selling goods and services. Money is required and important to barter with each other, meaning that each party has a specific good or service that the other need or wishes to have. Money serves various functions:

- A Medium of Exchange: money is used to exchange the service or goods between two parties.

- A Measure of Value: it is also used to price of every good or service is expressed as the number of money which is noodley here, needed to buy the good.

- A Unit of Account: loss and profit is based on this.

There are many other functions, but here it is expressed as a measure of value.

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