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Question
match the term with the definition: economic system in which the means of production are privately owned and operated for profit choose middle passage capitalism columbian exchange triangular trade mercantilism the global exchange of goods, ideas, plants, animals, and diseases that began with columbuss journey to the americas policy by which a nation sought to export more than it imported in order to build its supply of gold and silver choose
Brief Explanations
- Capitalism is defined as an economic system where the means of production are privately owned and operated for profit.
- The Columbian Exchange refers to the global exchange of goods, ideas, plants, animals, and diseases that started with Columbus's journey to the Americas.
- Mercantilism is the policy by which a nation aimed to export more than it imported to build its supply of gold and silver.
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- Capitalism
- Columbian Exchange
- Mercantilism