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An indentured servant or indentured labor is an employee within a system of unfree labor who is bound by a contract to work for a particular employer for a fixed time period.

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Slavery is, in the strictest sense of the term, any system in which principles of property law are applied to people, allowing individuals to own, buy and sell other individuals, as a de jure form of property.

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economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's individual citizens and businesses. There is little government intervention or central planning.

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an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

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-Material, such as wood, gold, salt, tobacco, cotton, that occurs in nature and can be traded or made into a product that can be traded

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A place where goods are offered for sale

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When a country has more exports (items they sell to other countries) than imports (items they buy from other countries)

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The idea that a country gains power by building up its supply of gold and silver; can be accomplished by talking over land where gold and silver are natrual resources or by taking over territory where resources are avaliable to create a product to trade; goverment controls the economy

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Settlement in a new territory that keeps close ties to the monster country/ homeland