The Impact of Exploreation on European Economies.

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The Impact of Exploreation on European Economies. by Mind Map: The Impact of  Exploreation on European Economies.

1. How did Exploration help the economy grow?

1.1. The country made products and then they sell it to get more money and to gain profit.

1.2. More people who trade get more money to invest in your industry.

2. How does a market economy grow?

2.1. When people had more money their business can grow.

2.2. since people did not have enough supples they rise their price

2.3. If the supplies are allot they will lower their price.

3. how did exploration help capitalism?

3.1. Capitalism is only based on profit and that is what they wanted

3.2. More exploration mant more trade and they wanted that

4. What is the cottage industry?

4.1. People got other people to turn raw material in to a product

4.2. Allot of cottages were helping the country by doing that.

5. What is mercantillism?

5.1. people thought that the best way to gain power is to save money.

5.2. They did this to do exports.

5.3. They also made colonies to help save money and to trade the products.