The acquisition of wealth and resources involves obtaining valuable assets such as gold, silver, oil, fertile land etc., often through trade, conquest or exploration.
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Mercantilism: An economic theory where colonies exist for the benefit of mother countries; it’s like parents using their children’s piggy bank savings for their own needs.
Capitalism: An economic system based on private ownership where wealth is created through investment aimed at profit; think about starting your own lemonade stand to make money.
Exploitation: The act of using resources or people for one's own advantage; it’s like using your friend's notes to study for a test without giving them credit.
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