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24 October, 01:20

The European colonies in the New world were all based on which economic model?

Capitalism

Socialism

Mercantilism

Communism

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Answers (1)
  1. 24 October, 02:10
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    Mercantilism is the economic model on which all colonies in the New world were all based, it main purpuse was the get resources from colonies and later sell amnufactured good form mother country to colonists
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