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settlement in a new territory that keeps close ties to the mother country/homeland

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The idea that a country gains power by building up its supply of gold and silver

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When a country has more exports than imports

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Material, such as wood, gold, salt, tobacco,cotton,that occurs innature

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A place where goods are offered for sale

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Economic system based upon the private ownership of resources and production in order to make a profit

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A system in which individual buyers and sellers interact in the marketplace to exchange (trade) good and services

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Being owned or in bondage to another person; the practice or system of one person owning another person or people

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Servants who worked for a set period of time to pay off debts or the cost of travelling to the American