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Name Date CLASS Reading Essentials and Study Guidenetw rksThe Age of Exploration Lesson 2 The First Global Economic Systems ESSENTIAL QUESTIONWhat are the effects of political and economic expansion?Reading.

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Key Takeaways The two branches of economics are microeconomics and macroeconomics.

How did European expansion create the first global economic system? ideas that led to a world economy,the Columbian Ex-change; the spread of European diseases to native peoples; the theory of mercantilism that encouraged colonial expansion.

Results of Mercantilism and this economic activity was the Columbian Exchange and the Triangular Trade. Exchange of plants, animals, goods, and diseases between the old and new worlds. Colonization drove the Columbian exchange and this is an example of the first global economy.

There are 3 types of economic systems, namely mixed economy, capitalist economy, and socialistic economy. Here are some general characteristics of an economy: The type of economy is based on the means of production and ownership of resources.

The four types of economic systems are traditional, command (or controlled), market (or capitalist), and mixed. Keep in mind that the four systems described here are theoretical representa- tions of economies found throughout the world. No “pure” sys- tems really exist—they are all mixed economies to some degree.

The 4 main types of economic systems are traditional economies, command economies, market economies, and mixed economies.

There are many different types of economic systems used throughout the world. Some examples are socialism, communism, and capitalism.

Answer and Explanation: European expansion created the first global economic system by integrating faraway places with the economies of Europe (as well as neighboring areas in North Africa and Western Asia).

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airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232