Mercantilism: This term refers to an economic theory prevalent during colonial times where colonies existed primarily for the benefit of their mother country's economy.
Triangular Trade: Triangular trade was a system of trade between Europe, Africa, and the Americas during colonial times that involved the exchange of goods such as slaves, raw materials, and manufactured goods.
Cash Crops: Cash crops are agricultural products grown specifically for sale rather than personal consumption. Examples include tobacco in Virginia or rice in South Carolina.