Question

American colonies founded for economic reasons were called ____ colonies

Answer 1

American colonies founded for economic reasons were called propriety colonies. These colonies were grants of land for individual groups that later become colonies.

Your answer is: Propriety

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Answer 2

Propriety, is the right answer.

Step-by-step explanation:

In the history of colonial America, proprietary colony developed a kind of settlement ruling the period 1660–90, in which preferences of the British crown obtained huge stretches of land in the New World(Pennsylvania, Delaware, the Carolinas and Maryland) to oversee and expand. King Charles II organised the first Proprietary Colonies attempting to compensate obligations and favors.