Global Trade
- Europe as well as merchants flourished because of overseas trade.
- Capitalism- An economic system based on private ownership and the investment of resources such as money for profit.
- Economic increase in Europe led to economic increases in different nations
- Inflation: Steady rise of price of goods, then people demand more goods and services because they have money to spend
- Because of the colonization and trade merchants got more wealth and continued with investments in Europe.
- Joint stock company- Works just like the modern-day corporation. Investors buy shares of stock in a company.
- Capitalism- An economic system based on private ownership and the investment of resources such as money for profit.
- Economic increase in Europe led to economic increases in different nations
- Inflation: Steady rise of price of goods, then people demand more goods and services because they have money to spend
- Because of the colonization and trade merchants got more wealth and continued with investments in Europe.
- Joint stock company- Works just like the modern-day corporation. Investors buy shares of stock in a company.