Answer:
It depends on the focus of your question. This result can be economic, political and/or social.
Step-by-step explanation:
Economic results
European nations were looking for new territories to explore their resources. The absence of such resources in Europe demanded this territorial expansion. The Colonial Agreement secured that all the wealth from these conquered territories must be delivered straight to the Metropolis (the European nation).
Political results
The conquest of other territories is always a big deal. In the 16th and 17th centuries, as many as colonies you possess, you'll have political respect in Europe. This was related to power, strength, dominance and a way to show the wealth. In the 16th century, for instance, Portugal had an enormous Empire, that spread through South America (Brazil, in this case), the islands of Açores and Madeira, and many countries of the African coast. A significant political power until Great Britain begins to build its empire in the 18th Century.
Social results
This result is related to the population that was under domain of these European nations. They were constantly being under pressure of tax charges, wars, and low social/economical development. During the 18th and 19th centuries, the population of these territories fought against the Metropolis to gain their liberty.