| Term | Definition |
|---|
| Colony | People who settle in a different land but remain subject to or intimately connected to the mother country |
| Economy | The production, development, and management of resources, income, materials, and labor in a country |
| Charter | A written grant from the sovereign power of a country giving specific rights and priveleges to a person or a corporation |
| Monopoly | One group or company has exclusive control over an area or a product |
| Investor | A person who commits money to make a profit |
| Mercantilism | The practice of creating and maintaining wealth by carefully controlling trade |
| Export | To sell goods or services to a foreign country |
| Import | To bring in or buy goods from another country |
| Profit | The return received on a business investment after all operating expenses have been subtracted |
| cash crops | Crops that farmers grow to be sold for profit, not for personal use |
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