The Impact of Exploration on European Economies

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The Impact of Exploration on European Economies by Mind Map: The Impact of Exploration on European Economies

1. How did exploration help capitalism?

1.1. The more exploration led to more trade.

1.2. An also people began to invest more money for companies.

2. How does a market economy grow?

2.1. Once peiple have money they could have there sell.

2.2. A market economy happens when prices are determined.

3. What is the cottage industry?

3.1. Many people were hired to work in cottages, or homes.

3.2. Lots of products were created this way.

4. What is mercantilism?

4.1. Is to increase money.

4.2. To do this, they increased exports.