Mercantilism: Mercantilism is an economic policy where a country maximizes exports and minimizes imports in order to accumulate wealth and power.
Colonial Economies: Colonial economies refer to the economic systems established in European colonies, such as those controlled by Spain, which were primarily designed to benefit the colonial powers.
Triangular Trade: Triangular trade was a system of trade between Europe, Africa, and the Americas during which goods such as raw materials, slaves, and manufactured products were exchanged among these regions.