Plantation Economy: A plantation economy relies on large-scale agricultural production, often using slave labor, mainly found in southern colonies/states like Virginia and South Carolina.
Cottage Industry: Cottage industry refers to a system of production in which goods are produced by individuals or families in their homes, often with simple tools and equipment. It was prevalent in colonial New England.
Triangular Trade: The triangular trade was a three-way trading system involving Europe, Africa, and the Americas during the Colonial Period. It consisted of the exchange of goods, including enslaved Africans, across the Atlantic Ocean.