The Impact of Exploration on Europeans Economic

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The Impact of Exploration on Europeans Economic by Mind Map: The Impact of Exploration on Europeans Economic

1. How did exploration helped capitalism

1.1. Capitalism is based on economics of investments on money for profits

1.2. The more trade and exploration the more people gave money to invest companies

2. How does a market economy grow

2.1. Once people had more money they can sell more things

3. What is cottage industry

3.1. Cottage industry is when you start a business but it is at home.In order to sell the materials you need to have plans and invest to make into profits

3.2. Lots and lots of products were done by cottage industry

4. What is mercantilism

4.1. Mercantilism is been decreased on imports and increased exports

4.2. They also established colonies in other places to get more money