Impact of European Exploration

1. How does married economy grow?

1.1. Now that people had more peaple had more money they could buy and sell things.

1.2. If it was in high on demand it would ber very expensive.

1.3. A market economy is when prices are determined.

2. What is mercantilism?

2.1. People thought the best way to build pawer is by saving money.

2.2. They increase imports of what they bought.

2.3. They also established colonies to get more money.

3. How did exploration help capitalism

3.1. Based on investment of money.

3.2. More exploration led to trade

4. What is the cottage industry?

4.1. Many people were hired to work in cottages.

4.2. Lots of products were created this way that was called the cottage industry.