6 Questions
Which sector of the economy involves the collection or extraction of raw materials from the Earth?
Primary sector
Under the mercantile system, how were colonies expected to operate their economies?
Colonies could not operate their own economies and could not compete with the mother country.
What is the term used to describe the manner in which land was held under colonialism?
Land tenure
Which economic sector involves turning raw materials or resources into finished products for people to buy?
Secondary sector
What is the term used to describe the pattern globalized countries have followed as their economies advance?
Stages of economic development
What is the term used to describe the economic system of trade in which colonies were considered to exist for the benefit of the mother countries?
Mercantile system
This quiz provides an overview of the economic sectors, including the primary sector which involves extracting raw materials, the secondary sector which involves manufacturing, and the tertiary sector which involves services. Learn about the systems and procedures put in place to satisfy people's needs and wants.
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