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Settlement in a new Territory that keeps close ties to the mother country/homeland.

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The idea a country gains power by building up its supply of gold and silver; can be accomplished by taking over land where gold and sliver are natural resources or by taking over territory where resources are available to create a product to trade government controls the economy.

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

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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) goods and services

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Being owned or in bondage to another person; the practice or system of one 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 traveling to the Americas