What influence would the enormous profits extracted from distant colonies likely have on european economic development?

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23-08-2022
Social Studies

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What influence would the enormous profits extracted from distant colonies likely have on european economic development?

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rafikiedu05 rafikiedu05 · Answer 1 · 2022-09-09T15:35:53+02:00

The increased management and motivation would likely influence the enormous profits extracted from distant colonies on European economic development.

Economic improvement is defined as an increase in a rustic's wealth and widespread living. as an example, improved productiveness, better literacy prices, and better public training are all results of monetary development in a rustic.

while financial development is an insurance intervention aiming to improve the well-being of people, the economic increase is a phenomenon of market productivity and could grow GDP; economist Amartya Sen describes economic growth as however "one issue of the approach of financial development"

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