Daily life in the Colonies Flashcards
1
Q
Barter
A
T trade one good for another
2
Q
Export
A
A product sold to other countries
3
Q
Import
A
A product brought from other countries
4
Q
Raw materials
A
A resource that can be made into other products
5
Q
mercantilism
A
An economic idea popular in the 1600’s and 1700’s, which suggested that governments should limit imports but increase manufacturing and exports, especially to colonies.
