Answer :
One of the main drivers for the colonization of the New World was the chance to generate money, which they had for economic reasons. The Virginia Company in London established the Jamestown colony in an effort to make money for its investors.
What is economic?
Economics is indeed the study of shortage and how it impacts a variety of complex social issues, including how resources are being used, how goods and services are generated, how output and welfare rise over time, as well as a host of other intricate issues. Customers who make purchases of products and services, companies that employ people and produce items, and several tiers of government that make purchases, hire people, and collect taxes make up an economy. They engage in interactions with one another that streamline the economy.
Why is economic important?
Students who major in economics are more aware of their surroundings. Understanding other people, businesses, markets, and governments enables people to react more effectively to the challenges and possibilities that changing circumstances provide. Economic development is often fueled by two factors: consumer spending and business investment. Tax reductions and refunds are used to reward customers and boost spending. Deregulation reduces business regulations and is credited with promoting growth, but it may also encourage taking unwarranted risks.
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